Page 215 - The Digital Financial Services (DFS) Ecosystem

ITU-T Focus Group Digital Financial Services
Ecosystem

Figure 2 – LendingKart

Company LendingKart

Overview Founded in 2014 and based in Gujarat, India, LendingKart (lendingkart.com) uses more than
1,500 data points to evaluate companies for credit, including ecommerce data, VAT returns, and
social media data to produce a financial health score, a marketplace score, a social reliability
score, and a statutory compliance score. The marketplace score is derived from e-commerce
marketplace sales data, including Flipkart, Snapdeal, Jabong, Amazon, Dehlivery, Power2SME,
and M Swipe. Financial health and VAT data is sourced from regulatory websites, such as
Registrar of Companies, from banks, and from the Credit Information Bureau Limited (CIBIL).
Decisions are made within 4 hours and loans are disbursed within 72 hours.
LendingKart operates in 16 Indian states and disburses about 70 short-term loans monthly.
Differentiator • Produces multiple scores based on different data sources

Summary: Most programs reviewed use a variety of data to support their credit decisioning, finding that the
predictive power and usefulness of the mobile data alone is limited. Those that use e-money data typically
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supplement their view with phone usage data to develop a behaviour pattern.

Table 3 – Summary of ACD elements used

Psy- Repayment
Air-time Digital Phone Phone Social
Company cho-met- Savings and other
top-up payments type usage media
rics traditional
Ant Financial Group X X
Branch X X X X

Commercial Bank X X X
of Africa and
Safaricom
EFL X

Faulu and Airtel X
Greenshoe Capital X X X X

InVenture X X X X X
KCB M-Pesa and X X
Safaricom
Lenddo X X X

LendingKart X
L-Pesa X

Kreditech X
Traditional Lenders X X

21 PERC interviews with MNOs in East Africa and Southeast Asia, 2012-2015.

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