{"id":35734,"date":"2022-11-15T10:36:13","date_gmt":"2022-11-15T05:06:13","guid":{"rendered":"https:\/\/www.techjockey.com\/blog\/?post_type=news&p=35734"},"modified":"2022-11-15T10:36:15","modified_gmt":"2022-11-15T05:06:15","slug":"lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering","status":"publish","type":"news","link":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering","title":{"rendered":"Lentra, An Indian Fintech Raises a Whopping $60M To Extend Bank\u2019s Offerings"},"content":{"rendered":"\n

An Indian AI-based fintech startup- \u2018Lentra\u2019 has raised $60 million to help banks offer their clients with Loans-as-a-Service.<\/p>\n\n\n\n

Investors including SIG (Susquehanna International Group), Bessemer Venture Partners, Citi Ventures (a subsidiary of banking giant Citigroup), and others participated in the round. Finally, it bagged an investment of $60M from Citi Ventures.<\/p>\n\n\n\n

The Mumbai-based start-up, Lentra works with an aim of helping commercial banks like Federal Bank, HDFC Bank, IDFC First Bank, Standard Chartered, etc. to strengthen their digital loan services.<\/p>\n\n\n\n

\u201cWe want to help and empower the banks, who are our clients, to lend better, lend completely on a digital platform, and improve on all parameters,\u201d said Venkatesh.<\/p>\n\n\n\n

As per Venkatesh, Lentra uses artificial intelligence (AI) to find any suspected fraud attempts made by customers while applying for loan services. Therefore, Lentra offers third-party \u2018API connectors\u2019, a \u2018Loan Management System\u2019, as well as a \u2018no-code Business rules engine\u2019 (BREx) to minimize the rate of fraud and fasten up the loan process. This fintech startup also offers a platform named \u2018GoNoGo\u2019 that assists banks to decide whether to grant a loan to a customer after receiving an application.<\/p>\n\n\n\n

Earlier the turnaround time for loan processing included the \u2018applying, processing and approving\/denying\u2019 process, which used to take approx. six to seven days. However, with Lentra\u2019s \u2018Loans-as-a-Service\u2019, the TAT of the loan processing can be reduced to just a few seconds.<\/p>\n","protected":false},"featured_media":35731,"template":"","acf":[],"yoast_head":"\nLentra, Indian Fintech Raises $60M To Extend Bank\u2019s Offerings<\/title>\n<meta name=\"description\" content=\"Investors including SIG, Bessemer Venture Partners, Citi Ventures, and others participated in the round. Bagged a huge amount.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/news\/35734\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lentra, An Indian Fintech Raises a Whopping $60M To Extend Bank\u2019s Offerings\" \/>\n<meta property=\"og:description\" content=\"Investors including SIG, Bessemer Venture Partners, Citi Ventures, and others participated in the round. Bagged a huge amount.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/news\/35734\" \/>\n<meta property=\"og:site_name\" content=\"Techjockey.com Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Techjockey\/\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-15T05:06:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2022\/11\/14180500\/Cloud-lending-platform-Lentra-_feature.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@TechJockeys\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Lentra, Indian Fintech Raises $60M To Extend Bank\u2019s Offerings","description":"Investors including SIG, Bessemer Venture Partners, Citi Ventures, and others participated in the round. Bagged a huge amount.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/news\/35734","og_locale":"en_US","og_type":"article","og_title":"Lentra, An Indian Fintech Raises a Whopping $60M To Extend Bank\u2019s Offerings","og_description":"Investors including SIG, Bessemer Venture Partners, Citi Ventures, and others participated in the round. Bagged a huge amount.","og_url":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/news\/35734","og_site_name":"Techjockey.com Blog","article_publisher":"https:\/\/www.facebook.com\/Techjockey\/","article_modified_time":"2022-11-15T05:06:15+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2022\/11\/14180500\/Cloud-lending-platform-Lentra-_feature.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@TechJockeys","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering","url":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering","name":"Lentra, Indian Fintech Raises $60M To Extend Bank\u2019s Offerings","isPartOf":{"@id":"https:\/\/www.techjockey.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering#primaryimage"},"image":{"@id":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering#primaryimage"},"thumbnailUrl":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2022\/11\/14180500\/Cloud-lending-platform-Lentra-_feature.jpg","datePublished":"2022-11-15T05:06:13+00:00","dateModified":"2022-11-15T05:06:15+00:00","description":"Investors including SIG, Bessemer Venture Partners, Citi Ventures, and others participated in the round. Bagged a huge amount.","breadcrumb":{"@id":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering#primaryimage","url":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2022\/11\/14180500\/Cloud-lending-platform-Lentra-_feature.jpg","contentUrl":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2022\/11\/14180500\/Cloud-lending-platform-Lentra-_feature.jpg","width":1200,"height":628,"caption":"Cloud lending platform Lentra news feature image"},{"@type":"BreadcrumbList","@id":"https:\/\/www.techjockey.com\/blog\/news\/lentra-indian-fintech-raises-whopping-amount-to-extend-bank-offering#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.techjockey.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Lentra, An Indian Fintech Raises a Whopping $60M To Extend Bank\u2019s Offerings"}]},{"@type":"WebSite","@id":"https:\/\/www.techjockey.com\/blog\/#website","url":"https:\/\/www.techjockey.com\/blog\/","name":"Techjockey.com Blog","description":"","publisher":{"@id":"https:\/\/www.techjockey.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.techjockey.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.techjockey.com\/blog\/#organization","name":"Techjockey Infotech Private Limited","url":"https:\/\/www.techjockey.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.techjockey.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2019\/12\/logo.png","contentUrl":"https:\/\/cdn.techjockey.com\/blog\/wp-content\/uploads\/2019\/12\/logo.png","width":72,"height":72,"caption":"Techjockey Infotech Private Limited"},"image":{"@id":"https:\/\/www.techjockey.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Techjockey\/","https:\/\/twitter.com\/TechJockeys","https:\/\/www.linkedin.com\/company\/techjockey","https:\/\/www.youtube.com\/@techjockeydotcom"]}]}},"_links":{"self":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/news\/35734"}],"collection":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/media\/35731"}],"wp:attachment":[{"href":"https:\/\/www.techjockey.com\/blog\/wp-json\/wp\/v2\/media?parent=35734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}