U GRO Capital and Kinara Capital announce co-origination partnership for MSME loans

MUMBAI: MSME lending platform U GRO Capital and fintech firm Kinara Capital, on Wednesday announced a strategic co-origination partnership to offer collateral-free business loans to small business entrepreneurs in India. Both companies plan to disburse Rs 100 crore by the end of FY2022 to MSMEs in Manufacturing, Trading and Services sectors.

The co-origination arrangement will leverage U GRO’s analytical data driven decisioning and integration through APIs with the smart technology platform of Kinara Capital.

Kinara Capital aims to process loan applications of MSME entrepreneurs fast enough to disburse them in 24 hours.

Read more at The Economic Times