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- Lentra
Lentra Revenue, Valuation, Funding & Investors
Lentra is valued at $400M as of May 2023, a 25.0x multiple on its last reported $16M revenue.
Last Lentra valuation
$400M
Series B · May 2023
Last Lentra funding round
$27M
Series B · May 2023
Lentra revenue
$16M
Series B · May 2023
Key investors in Lentra
Bessemer Venture Partners
Citi Ventures
Susquehanna International Group
MUFG Bank
MUFG Innovation Partners
HDFC Bank
About Lentra
Lentra is a Mumbai-based SaaS provider enabling digital lending for Indian banks and NBFCs through API-modular platforms. Founded in 2019, it processes loan applications for personal, MSME, and vehicle financing with features for custom product creation and risk assessment. The platform integrates with core banking systems to handle high-volume disbursals. Lentra serves over 50 financial institutions across India.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$16M (May 2023)
Valuation
$400M (May 2023)
Lentra Valuation
Lentra is currently valued at $400M, based on its Series B in May 2023.
The $27M round was led by Dharana Capital and MUFG Bank, with participation from MUFG Innovation Partners.
Lentra's valuation has moved from $400M at its Series A in May 2022 to $400M in May 2023, across 3 priced rounds.
Lentra valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2023 | Series B | $400M | 25.0x |
| Nov 2022 | Series B | $400M | - |
| May 2022 | Series A | $400M | 40.0x |
Lentra Revenue
Lentra's latest recorded revenue is $16M, as of its Series B in May 2023. At a $400M valuation, that implies a 25.0x revenue multiple.
Revenue grew from $10M in May 2022 to $16M in May 2023, while the revenue multiple moved from 40.0x to 25.0x.
Lentra revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2023 | $16M | $400M | 25.0x | Series B |
| May 2022 | $10M | $400M | 40.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Lentra Funding History
Lentra has raised a total of $104M across 4 funding rounds.
Lentra's first fundraising round was a $12M Series A in November 2019. The most recent completed round was a $27M Series B in May 2023.
Lentra funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series B | Dharana Capital (lead); MUFG Bank (lead); MUFG Innovation Partners | $27M | $400M | Lentra, a Pune-based SaaS startup founded in 2019 by D Venkatesh and Ankur Handa, provides a cloud-based lending platform that enables banks and NBFCs to digitize lending processes through pre-built API connectors for underwriting and a loan management system called 1LMS. The platform has been adopted by over 60 financial institutions and has processed more than $27 billion in loan applications. In June 2023, Lentra raised $27 million in an extended Series B round co-led by MUFG Bank (via its Ganesha fund) and Dharana Capital, marking the first joint investment between MUFG Bank and MUFG Innovation Partners. This round followed a $60 million Series B in November 2022 from Bessemer Venture Partners, SIG Venture Capital, and Citi Ventures, also at a $400 million valuation, bringing cumulative funding to over $76 million excluding earlier rounds. The $27 million infusion, invested at the same $400 million valuation, aims to fuel global expansion, including synergies with MUFG's Southeast Asian partner banks, and support growth in markets like Vietnam, Philippines, Indonesia, and the US where Lentra has established subsidiaries. The funding underscores Lentra's position in the digital lending landscape, with investors highlighting its scalable SaaS model and efficient capital use amid rising demand for lending automation. |
| Nov 2022 | Series B | Bessemer Venture Partners (lead); Susquehanna International Group (lead); Citi Ventures | $60M | $400M | Lentra, a Pune, India-based fintech SaaS platform providing an AI-powered cloud lending solution, closed a $60 million Series B funding round in November 2022 led by Bessemer Venture Partners and Susquehanna International Group (SIG), with participation from Citi Ventures. The round valued the company at over $400 million. Masterkey Capital acted as investment bankers. Founded in 2019, Lentra offers a configurable platform with API connectors, Loan Management System (LMS), and no-code Business Rules Engine (BREx) to accelerate digital lending, achieving 96% straight-through processing for banks. Clients include major Indian banks like HDFC Bank, Federal Bank, Standard Chartered, and IDFC First Bank, with over 50 clients in India and processing over $21 billion in loans. The funding supports platform enhancements, new features for robustness and speed, international expansion into Asia (Indonesia, Philippines, Vietnam) and the US, and potential acquisitions in payment processing and data insights. Earlier in 2022, Lentra acquired TheDataTeam (TDT), integrating its Cadenz behavior intelligence platform for creditworthiness assessment. SIG noted Lentra's 20x growth and strong capital efficiency since their 2019 investment, while founder D Venkatesh highlighted ten-fold revenue growth and positioning in retail assets and business banking. Lentra plans to grow its team from 500 to 800 employees to support expansion. The company focuses on embedded finance, transforming lending with SaaS for faster approvals and digital inclusion, primarily in markets like Mumbai, Delhi, Chennai, and Bengaluru. |
| May 2022 | Series A | Bessemer Venture Partners (lead); SIG venture capital | $5M | $400M | Lentra is an India-based cloud lending platform providing AI-powered SaaS solutions for banks and financial institutions, covering the full loan lifecycle including KYC, onboarding, servicing, collections, credit decisioning, and support for products like credit cards, BNPL, business loans, and co-lending. Founded in 2019 and headquartered in Pune, it offers modular API-driven architecture enabling 96% straight-through processing and has over 50 clients in India, primarily large retail banks. The company has processed over $21 billion in loans and 13 billion transactions since launch. In November 2022, Lentra raised $60 million in its Series B funding round led by existing investors Bessemer Venture Partners and Susquehanna International Group (SIG) Venture Capital, with participation from Citi Ventures. The round valued the company at $400 million post-money. Lentra reported $1 million in annual consumption rate revenue in 2019, growing ten-fold to $10 million in 2022, with projections to reach $100 million by 2024. The profitable startup, with a team of 500, plans to use funds for platform enhancements, international expansion into markets like the US, Vietnam, Indonesia, Philippines, and ASEAN via its Singapore base, and acquisitions in robotic process automation, payments, and statistical modeling. Lentra positions itself as a leader in digital lending transformation, empowering banks with competitive advantages through technology that democratizes credit access. It acquired AI startup TheDataTeam earlier in 2022 to bolster customer intelligence for creditworthiness assessment. |
| Nov 2019 | Series A | Bessemer Venture Partners; HDFC Bank | $12M | - | - |
Who has invested in Lentra?
8 investors have backed Lentra across its funding rounds, including Bessemer Venture Partners, Citi Ventures, Susquehanna International Group, MUFG Bank, MUFG Innovation Partners and HDFC Bank.
Lead investors include Dharana Capital, MUFG Bank, Bessemer Venture Partners and Susquehanna International Group.
Lentra Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2019 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2023 | ||
| 1 | Lead | May 2023 | ||
| 1 | Lead | Nov 2022 | ||
| 1 | Participant | Nov 2019 | ||
This data is available for Pro users. Sign up to see all 8 Lentra investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Lentra
Lentra has acquired 1 company to date.
Last acquisition by Lentra was on June 28th 2022. Lentra acquired The Data Team for undisclosed valuation.
Latest Acquisitions by Lentra
| Description | The Data Team is a Tel Aviv-headquartered data strategy firm accelerating enterprise transformation through consulting and RoboticDataScience products for big data and IoT environments. It deploys machine learning algorithms in Python and R to extract insights from unstructured data, offering platforms for predictive maintenance and customer analytics. Clients in manufacturing and telecom use its solutions for anomaly detection and natural language processing on Hadoop clusters. |
| HQ Country | |
| HQ City | Singapore |
| Deal Date | 28 Jun 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Lentra acquisitions and their M&A valuation multiples. Start Free Trial | |
Lentra Competitors
Lentra competitors include listed companies like Miroku Jyoho Service and Baiwang Cloud, and private ones like Found, Xepelin, Lulo Bank and Float Financial.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $43M | - | $400M | 9.3x | ||
| Private | $100M | - | $400M | 4.0x | ||
| Private | - | - | $401M | - | ||
| Publicly listed | $315M | $58M | $396M | 1.1x | ||
| Private | - | - | $396M | - | ||
| Publicly listed | $109M | $433K | $337M | 2.7x |
Lentra Public Comps
Lentra is still privately-owned, but its public comps include Miroku Jyoho Service, Nordtech Group, Baiwang Cloud, Avant Group, Teamshares, Zaggle Prepaid Ocean, MCAP, Expensify, PCA Corp. and Fujian Boss Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $315M | $58M | 1.1x | 1.1x | 6.0x | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $109M | $433K | 2.6x | 2.7x | 648.3x | - | |||
| $181M | $35M | 1.0x | 0.9x | 5.3x | 5.7x | |||
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $199M | $20M | 1.0x | 1.0x | 10.4x | 10.7x | |||
| - | - | - | - | - | - | |||
| $142M | ($8M) | 1.1x | 1.1x | (19.6x) | 7.0x | |||
This data is available for Pro users. Sign up to see all Lentra competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lentra
| When was Lentra founded? | Lentra was founded in 2019. |
| Where is Lentra headquartered? | Lentra is headquartered in Pune, India. |
| Is Lentra publicly listed? | No, Lentra is a private, VC-backed company. |
| What is Lentra's valuation? | Lentra was last valued at $400M in its Series B in May 2023. |
| How much funding has Lentra raised? | Lentra has raised $104M across 4 funding rounds. |
| What was Lentra's last funding round? | Lentra's last funding round was a $27M Series B in May 2023, led by Dharana Capital and MUFG Bank. |
| Who are Lentra's investors? | Lentra's investors include Bessemer Venture Partners, SIG venture capital, MUFG Innovation Partners, Dharana Capital, Susquehanna International Group, HDFC Bank, Citi Ventures and MUFG Bank. |
| What is Lentra's revenue? | Lentra's latest recorded revenue is $16M (May 2023). |
| What is Lentra's revenue multiple? | Lentra's latest valuation implies a 25.0x revenue multiple ($400M valuation on $16M of revenue). |
| Which companies are comparable to Lentra? | Companies comparable to Lentra include Found, Xepelin, Lulo Bank, Miroku Jyoho Service, Float Financial and Baiwang Cloud. |
| How many companies has Lentra acquired? | Lentra has acquired 1 company, including The Data Team. |
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