India: Fintech startup Lendingkart raises $7.7m debt from Yes Bank

India: Fintech startup Lendingkart raises $7.7m debt from Yes Bank

Financial technology start-up Lendingkart Group has raised a debt of Rs50 crore from Yes Bank Ltd in a move that could see the company gradually shift to banks for loans as against non-banking financial companies (NBFCs), who lend at a higher rate.

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