LGT Lightstone invests $7 Mn in consumer lending startup SmartCoin

Bengaluru-based micro-lending platform SmartCoin raised $7 million led by LGT Lightstone Aspada.

Would be deploying the funds to further grow its loan book to Rs 1,500 crore along with doubling its user base to 10 million over the next year. SmartCoin provides loans to mobile users through credit scores by using data science and machine learning algorithms.

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