Lending made smarter and reliable with Lentra

With the digital lending market in India expected to grow from $270 billion in 2022 to $1.3 trillion by 2030, fintech SaaS startup Lentra is leading the change by empowering clients to democratise credit through intelligent decision-making and instantaneous processing. Lentra’s cloud-based digital lending platform enables banks to optimise existing lending processes by providing maximum efficiency, better decisions, and enhanced customer experience.

Lentra, the #1 cloud lending platform, serves more than 50 banks across 96% pin codes in India and has handled more than 13 billion transactions on its platform. 

Most of the banks and NBFCs in India, including top lenders like HDB Financial Services Ltd, HDFC Bank, Aditya Birla Capital, Tata Motors Finance, use Lentra Lending Cloud. This Diwali Holiday was extra-special from a Bank’s consumer lending perspective with many reporting a spike in demand for consumer, two-wheeler, and other loans during the Diwali holiday season. 

On Dhanteras alone, loan applications on Lentra’s cloud platform surged to over 5 Lakh – up 3X from Dhanteras in 2021, peaking at 8 applications per second. The platform also scaled on demand to handle over 306 million API transactions during peak traffic hours this festive season.

All consumer businesses, including consumer durable loans, two-wheeler and auto Loans, as well as consumption loans, exceeded 2019 holiday season volumes as the festive season began around Dussehra and gained good momentum around Dhanteras and Diwali.