fintech company lentra has announced its foray into the south east asian markets of indonesia the philippines and vietnam the company says that with this expansion lentra aims to reach 100 million in annual recurring revenue arr by march 2024the move of expanding in more countries to cater to their growing lending needs follows the companys fundraise of 60 million in a series b round led by bessemer venture partners susquehanna international group sig and citi ventureswe are at a major inflection point in lentras growth journey the financial landscape has never been more dynamic our learnings over the past few years and beyond will prove critical in delivering future performance and innovation at the levels we demand of ourselves in pursuit of our mission said d venkatesh founder lentralentra said it will build a stronger market presence and increase credit disbursal by replicating its india growth in the three south east asian countrieslentras longterm plansby 2027 lentra aims to onboard 250 banking partners expand its footprint into five other countries and reach 250 million in arrsome of lentras key banking partners include hdfc bank federal bank standard chartered idfc aditya birla finance tata capital tata motor finance and tvs credit among otherslentra was founded in 2019 by venkatesh and it provides an application programming interface apidriven modular architecture to create tailored retail and business loan products for banks and other regulated lending institutions it also offers a purposebuilt aiml platform for a unified 360degree customer view that creates impactful marketingcredit opportunitieslentra already has some clients in the philippines it has a robust presence across india with 60 partner banks and nbfcs and over 50 million loans processed through its platform lentras expansion comes when there is an increased demand for digital lending platforms in these economies the company said