This 10-year-old fintech major may be staring at cash crisis

Lendingkart, a prominent MSME-focused lending platform, is reportedly negotiating a significant valuation cut with its existing investor, Fullerton Financial Holdings (FFH), due to a cash crisis and challenges in the unsecured loan market. According to a report in Economic Times, “Lendingkart is staring at a massive valuation cut amid a cash crisis that has hit the MSME-focused lending platform over the past few months due to stress in the unsecured loan market.” The ET report quotes people familiar with the development said.