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Tag: BharatPe

BharatPe raises $20 Million from Alteria Capital, ICICI Bank
FUNDING

BharatPe raises $20 Million from Alteria Capital, ICICI Bank

New Delhi, 18th Jan 2021: Indian fintech company BharatPe raises about USD 20 million in debt funding from venture firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants. Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge, and others. BharatPe co-founder and CEO Ashneer Grover said $13 million in debt came from Alteria Capital, while the remaining $7 million was from ICICI Bank. Bharat Pay also facilitates loan facility for its merchant partners. Last week, BharatPe raised around $8 million in debt funding from Innoven Capital. With this, BharatPe has raised a total of USD 28 ...
Fintech Firm BharatPe Raises USD 50 mn from Investors
FUNDING

Fintech Firm BharatPe Raises USD 50 mn from Investors

BharatPe, a fintech firm has raised USD 50 million (about Rs 350 crore) in its latest round of equity financing. This was led by leading global fintech investor, Ribbit Capital and London-based hedge fund, Steadview Capital, BharatPe said in a statement. Existing investors Sequoia Capital, Beenext Capital and Insight Partners also participated in the round. Having established one of the largest networks of merchants in India, connected through UPI based payment services, BharatPe has emerged as one of the fastest growing fintech companies in the country, it said. Within one year of launch, the company has achieved USD 1 billion annualised total payments volume (TPV) and facilitates over 18 million UPI transactions monthly, it said. https://pixr8.com/funding/ecobillz-ra...