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

Fintech company BharatPe, which is soon expected to become a unicorn, has raised Rs 50 crore in debt from Northern Arc Capital, one of India’s leading digital debt finance platforms focused on improving access to finance for under-served businesses and individuals in India.

This is the sixth round of debt financing for BharatPe in the year 2021. In January this year, the company had raised Rs 200 crore from three top debt companies in the country. These included Alteria Capital, InnoVen Capital and Trifecta Capital, having later raised additional capital from ICICI Bank and Axis Bank.

Suhail Sameer, Group President,