Monday, Jan 17 2022 | Time 13:03 Hrs(IST)
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Business Economy


Kinara Capital launches ‘myKinara’ mobile app for MSME collateral-free loans

Kinara Capital launches ‘myKinara’ mobile app for MSME collateral-free loans

Bengaluru, Nov 26 (UNI) Kinara Capital, a fast-growing fintech, recently launched ‘myKinara’ mobile app for providing collateral-free loans to MSMEs within 24-hours Turnaround Time (TAT).

Leveraging years of Kinara’s proprietary data-driven AI-ML-based credit decisioning, the app makes the digital process used by field officers directly accessible to MSMEs in India.

The app, which is available on Google Play Store, It is available in multiple languages including, English, Tamil, Hindi, Telugu, Kannada, Marathi and Gujarati. Women-owned MSMEs qualify for an automatic discount under the company’s HerVikas programme, without requiring any separate application.

"Our vernacular myKinara app extends our financial inclusion commitment by enabling small business entrepreneurs to create a self-directed loan application journey. Fast decisioning, processing, and disbursements in a span of 24 hours goes a long way in meeting the demands of our customers, thereby supporting their business growth," Kinara Capital Founder and CEO Hardika Shah said.

Kinara Capital is a fast-growing fintech propelling financial inclusion of small business entrepreneurs in India.

Boasting a women-majority management team, Kinara Capital has set itself apart in the industry with its emphasis on social impact and profitable growth.

Founded in 2011, Kinara Capital has made a mark with its innovation in financial inclusion by providing fast and flexible collateral-free loans in the range of Rs 1 to 30 lakhs across 300 plus MSME sub-sectors serving 3000 plus pincodes in India.

Headquartered in Bengaluru, the company has 110 branches across 90 plus cities in India.

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