Fintech startup Lendingkart has acquihired KountMoney, an online lending marketplace for personal loans.

With this, the entire team of KountMoney will now come on board at Lendingkart Group.

Founded by Deepak Modak, Gaurav Somani, Abhishek Periwal and Abhi Ranjan, the start-up serves borrowers looking for credit in a smooth and hassle-free way.

The move will enable Lendingkart Group to boost its technology and data analytics capabilities. It will also help the Group to broaden its service portfolio and develop more efficient and consumer-centric product offerings, the company said in a statement.

Incepted in October 2015, KountMoney is an online lending marketplace that enables quick and easy loan disbursals, including personal loans, gold loans, home loans, education loans, and loan against property.

Harshvardhan Lunia, Co-Founder and CEO, Lendingkart Technologies, said, “KountMoney has been performing exceptionally well in the field of online personal loan disbursals. Its emphasis on using tech to make loan disbursals simpler and quicker makes it a perfect synergistic match for Lendingkart Group. By acquiring KountMoney, we will be able to further strengthen our tech backbone and leverage the data analytics expertise of the online lending platform to enhance our service delivery.”

KountMoney has a wide array of lenders, including banks and NBFCs, to service borrowers from all over the country with varying credit profiles.

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