Indian Lending SaaS Startup Lentra Raises $60M Series B

Lentra, an Indian startup offering AI-powered lending SaaS solutions to banks and financial institutions, closed a $60M Series B funding round in November 2022. The round was led by Bessemer Venture Partners, with participation from Susquehanna and Citi Ventures, the venture arm of Citigroup. Lentra's platform enables banks to digitize and automate their loan origination and processing workflows, effectively functioning as embedded lending infrastructure.

The investment from Citi Ventures is notable as it represents a major global bank backing lending infrastructure technology that could be deployed across its own operations or partner networks. Lentra's technology helps banks reduce turnaround times on loan decisions and improve underwriting accuracy through AI. The funding positions Lentra to expand its platform capabilities and grow its bank client base across India and potentially other markets.

The round reflects strong investor appetite for B2B fintech infrastructure serving traditional banks during this period.