Bengaluru-based digital lending company Kinara Capital has raised INR 100 Cr ($14.2 Mn) from private equity and impact investors, Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and Patamar Capital.
Kinara Capital was founded in 2011 by Hardika Shah. It provides online loans between INR 2-25 Lakh ($2,855 – $3,569) range without property collateral to small businesses.
The company is built on a fully digital platform, which eliminates paperwork and saves time for both customers and employees to fast track the credit decision process. The funds are disbursed within five to seven days of receiving the loan application. Kinara claims to have disbursed INR 1,160 Cr in over 33,785 loans till date.