Ugro Capital has entered into a strategic co-origination partnership with Kinara Capital, a fast-growing fintech, to offer collateral-free business loans to small business entrepreneurs in India. Together, both companies plan to disburse Rs 100 crore by the end of FY22 to MSMEs in Manufacturing, Trading and Services sectors.
The partnership will leverage Ugro’s analytical data driven decisioning and integration through APIs with the smart technology platform of Kinara Capital. With years of AI/ML based decisioning and underwriting experience, Kinara Capital can take an MSME entrepreneur from loan application to loan disbursement within 24-hours.
Ugro Capital is engaged in providing financial services.