June 6, 2025

icra

Finance

Lendingkart: Lendingkart Finance reports losses, breaches bond covenant for 2024-25

Mumbai: Singapore’s Temasek-backed digital lender Lendingkart Finance has reported losses before tax for 2024-25, a development that has triggered a breach of covenant on bonds raised by the company in January 2024, said people with knowledge of the matter. Lendingkart Finance had raised ₹75 crore senior secured two-year bond at 11.25% on January 30, 2024.

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