Page 7 - Bharatpe

BharaPe enters P2P lending with '12% club', taps NBFCs to sell product

The '12% club' will allow consumers to not only earn up to 12% interest on the funds they invest but also borrow at an interest rate of 12%

Top headlines: European shares tumble 2%; Ujjivan SFB MD & CEO resigns

Business Standard brings you the top stories this evening

Aiming to raise $700 mn in debt over next 2 yrs: BharatPe CEO Suhail Sameer

Delhi-based BharatPe said it has raised Rs 100 cr each as debt from IIFL Wealth & Asset Management, and Northern Arc Capital

Companies woo IT talent with luxury cars, gadgets as Covid fetches business

The huge capital inflows have enabled large, as well as startup IT firms to launch all-out attempts to acquire a talent pool

BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round

The funding would help the firm compete and take on players such Pine Labs, Paytm and Mswipe

Fintech firm BharatPe valued at $2.85 bln after Tiger Global-led funding

Tech startups have recorded a surge in funding this year as investors bet on companies that are likely to benefit in the post-pandemic world.

BharatPe offering BMW bikes, iPads and Dubai trips to attract tech talent

The fintech firm aims to triple the strength of its technology team and is hiring 100 candidates

BMW bikes to T20 WC tickets: What BharatPe is offering to its tech joinees

The bike and gadget package is available to anyone referring tech talent to company

BharatPe aims $6 bn in annualised transaction processed value from POS biz

BharatPe on Thursday said it is planning to scale up its POS business by three times and has set a target of $6 bn in annualised transaction processed value by the end of 2021-22.

PMC Bank gets some cooperative support, but revival to take time

The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs being allowed entry in this space

BharatPe: How the payments startup won a rare banking licence in India

Reserve Bank of India rewards the company and its partner, Jaspal Bindra, for agreeing to help revive Punjab & Maharashtra Co-operative Bank.

BharatPe in talks to raise $250 mn led by Tiger Global, says Report

Fintech major BharatPe, that hit a new high with 106 million monthly transactions in UPI in March this year, is reportedly raising nearly $250 million in its next funding round led by Tiger Global

BharatPe fiscal 2021 revenue jumps over six times to Rs 700 crore

This comes as the pandemic has forced people and businesses adopt digital transactions and fund-starved small businesses seeking more credit avenues like this start-up.

BharatPe announces acquisition of loyalty platform Payback India

Merchant payment and lending service provider BharatPe on Thursday said it has acquired Payback India from American Express and ICICI Investments Strategic Fund.

BharatPe plans to disburse Rs 14,000 cr in business loans by March 2023

The fintech company, which is soon expected to become a unicorn, has raised Rs 50 crore in debt from Northern Arc Capital

Top headlines: CWC postpones important decision; iron ore surges 10%

LIC's holding in listed companies at all-time low, BharatPe plans to disburse Rs 14,000 cr in business loans, and other top news of the day

Practo, BharatPe and Grofers in line to be the next Indian unicorns

Currently, there are 48 Indian start-ups valued at $1 billion or more, and Paytm is the most valuable start-up at $16 billion, according to the Venture Intelligence data

India's next 35 unicorns may include Practo, BharatPe, Eruditus, Vedantu

The vibrant startup ecosystem is working to boost the investment environment in India both from domestic and global investors, according to consulting firm Praxis Global Alliance

BharatPe registers 106 million monthly UPI transactions in March

Fintech company BharatPe on Monday said it has clocked 106 million transactions in the UPI QR payments category in March, and aims to grow UPI payments by three times in 2021-22. The company recorded USD 830 million worth of transactions (USD 10 billion annualised) in March 2021, according to a statement. BharatPe continued its trend of outgrowing the market with an 8.8 per cent market share, it added. "Over the last 12 months, BharatPe has grown exponentially and has been able to establish itself as one of the fastest-adopted payment systems in the UPI person-to-merchant (P2M) segment. "The company has recorded a growth of 7x in volume of UPI transactions from April 2020 to March 2021," it said. Additionally, its Unified Payments Interface (UPI) payments vertical grew 23.7 per cent from February to March 2021. "The pandemic accelerated the growth of digital payments in the country. In fact, we saw all our business verticals grow manifold over the last one year. We outgrew the ma

BharatPe plans to lend Rs 7,000 cr, become 'bank for all' small businesses

Sequoia-backed firm, which is set to become the next unicorn, provides payments technology and digital lending to traditional businesses.