Wydr and lendinkarT To offer BuSineSS loanS To SMeS for a MaxiMuM of rS. 10 lakh

Wydr, a B2B mobile first marketplace in India, announced its partnership with Lendingkart Group, to offer collateral free business loans to buyers and SMEs. Under this partnership, Wydr aims to provide short term credit for inventory purchase to retailers and shopkeepers. The initiative is a part of Lendingkart Group’s commitment to provide easy access to capital to merchants and SMEs.

Wydr shall provide the technology interface to its buyers to seamlessly apply for credit from within its app. Their innovative use of technology further simplifies the lending process, enhances speed, provides price transparency, improves customer experience and reduces borrowing cost for businesses of all sizes. The maximum amount of loan that an SME can apply is Rs 10 Lakhs. This facility shall be available to all registered Business Users of Wydr for transactions through its platform with immediate effect.