Mumbai: Online financial platform Lendingkart today announced its partnership with women’s fashion marketplace Voonik to help sellers on the platform avail easy and collateral-free short-term loans.
Voonik claims it has more than 6,000 merchants selling their products online, with over 7 million registered users and 5 million app downloads. The strategic partnership with Lendingkart is aimed at helping sellers scale seamlessly, thereby catering to the increased demand of customers. “At Lendingkart, we wish to effectively streamline accessing of loans for SMEs. Aligned with this thought, Voonik has a huge customer base and sometimes, their selling partners face hurdles due to lack of working capital.
“Through this tie-up, we have attempted to simplify the process of loan disbursement and made working capital fund accessible to merchants via our affiliated NBFCs,” Harshvardhan Lunia, Co-Founder and CEO, Lendingkart said. “Recently, Voonik’s selling partners were witnessing a 10-fold increase in demand for their products,” Rameswar Misra, Head of the Marketplace at Voonik, said.
