myKinara mobile app for MSME collateral-free loans

Chennai: Kinara Capital, a fintech, recently launched myKinara mobile app that comes with a three-step process and is said to be the first of its kind in the unsecured MSME business lending space.

‘myKinara app, now live on the Google Play Store, puts the power at the fingertips of small business entrepreneurs to securely apply and receive collateral-free business loans digitally within 24-hours turnaround time (TAT),’ said a press note.

‘With the proliferation of smartphones, MSMEs are ready and willing to participate in digital India, but there are limited solutions for them. Our vernacular myKinara app extends our financial inclusion commitment by enabling small business entrepreneurs to create a self- directed loan application journey,’ said Hardika Shah, founder and CEO, Kinara Capital.

 

NT Bureau