lendingplate Closes 3rd Round of Preferential Issue Raising ₹22.35 Crore, Net Worth Set to Rise to ₹100 Crore

National, March 21, 2025: lendingplate, a pioneering digital lending platform under Unifinz Capital India Limited (UCIL), has successfully closed its third round of preferential issue of shares, raising ₹22.35 crore. The Board of Directors, in its meeting held on March 04, 2025, approved the allotment of 5,31,617 (Five Lakh Thirty-One Thousand Six Hundred Seventeen) equity shares on a preferential basis to investors in the Non-Promoter category.

The preferential issue was priced at ₹420.5 per share, significantly higher than the company’s earlier issues—₹56.2 per share in July 2024 and ₹211 per share in September 2024. This consistent rise in valuation reflects the strong confidence investors have in lendingplate’s growth potential and robust business fundamentals.

The company had earlier fixed Wednesday, January 22, 2025, as the cut-off date to determine the eligibility of members entitled to vote by remote e-voting and at the Extraordinary General Meeting (EGM), which was successfully held on Wednesday, January 29, 2025.

Kaushik Chatterjee, Founder & CEO of lendingplate, said: “This preferential issue shall prove another stepping stone in our commitment to becoming a leading digital lender in India. The growing investor confidence, evident from the progression in our share prices, is a testament to our strong fundamentals and market positioning.” 

In a statement, the Delhi-based lendingtech said that it shall utilise the funds mainly to fuel growth and reduce cost of capital. The company shall invest in strengthening the digital infrastructure, reinforce cybersecurity and data protection, expedite adoption of newer technologies like Voice AI, Machine Learning and Embedded Finance. “Technology is fast-evolving and our scale-up is rapid. More automation and more guardrails are the only means we see for sustainable growth.” added Kaushik Chatterjee. 

lendingplate is in a high-growth phase, having recorded an impressive 5X year-on-year increase in loan disbursals. The company remains committed to empowering salaried individuals by providing seamless and accessible financial solutions through its innovative digital-first approach. In a recent initiative, the company has launched its products for self-employed individuals and thereby now addressing a larger customer segment. 

About lendingplate: lendingplate, a brand under Unifinz Capital India Limited, is a leading digital NBFC providing unsecured personal loans of up to ₹2,50,000 with flexible repayment terms of up to 15 months. Registered with the Reserve Bank of India (RBI), lendingplate offers quick, hassle-free loans disbursed within 30 minutes, serving customers across 22 states, more than 500 cities and 9000+ pin codes. With a strong focus on technology and financial inclusion, lendingplate is reshaping digital lending in India.