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.

Suhail Sameer, group president of fintech company BharatPe, doesn’t shy away from praising competitors including Razorpay. “Razorpay is a great business, I love it,” said Sameer. “They are one of the most credible fintech players in India.”
 
His company BharatPe provides payment technology and digital lending to offline businesses, including kiranas.
 
The Delhi-based firm is now planning to go deeper into the financial services market, focused mainly on merchants and small businesses. This will increase its competition with players such as  Razorpay, Capital Float, business-to-business e-commerce firm Udaan, and Flipkart co-founder Sachin Bansal’s Navi.
 
To begin with,