Lentra raises $60 million in Series B round

The latest round valued the company at $400 million, D Venkatesh, founder and chief executive, Lentra told VCCircle in an interview. Founded in 2019 by Venkatesh and Ankur Handa, Lentra allows banks to embrace digital processes through its software-as-a-service offering. Its Lentra Lending Cloud offers ready-to-use third-party API (application programming interface) connectors to various data sources that banks use for underwriting purposes. As a global bank, we look forward to Lentra scaling their products and platform internationally,” said Everett Leonidas, director and Asia-Pacific lead investor for Citi Ventures. In June 2022, Lentra acquired Chennai and Singapore-based AI company TheDataTeam for an undisclosed amount to help banks and financial institutions make better data-driven decisions on customers loan repayment history.