Kinara Capital launched a mobile app- ‘myKinara’ for MSME collateral-free financing
Kinara Capital, a fast-growing fintech, just introduced the ‘myKinara’ mobile app, which provides MSMEs with collateral-free loans in as little as 24 hours (TAT).
The software makes the digital procedure used by field officers directly available to MSMEs in India, leveraging years of Kinara’s patented data-driven AI-ML-based credit decisions.
The software is accessible in various languages, including English, Tamil, Hindi, Telugu, Kannada, Marathi, and Gujarati, and can be downloaded through the Google Play Store. Women-owned MSMEs are automatically eligible for a discount through the company’s HerVikas programme, which does not require a 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 decisions, 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 in India that helps small company owners gain access to capital.
Kinara Capital stands apart in the business with its emphasis on social impact and financial development, thanks to its female-dominated management team.
Kinara Capital, which was founded in 2011, has built a name for itself by offering rapid and flexible collateral-free loans in the range of Rs 1 to 30 lakhs to over 300 MSME sub-sectors spanning 3000+ pin codes in India.
The firm is headquartered in Bengaluru and has 110 locations across India.
