Launches new product 'postpe' towards this end, which customers can download from Play Store and avail interest-free credit limit of up to Rs 10 lakh
Fintech firm BharatPe on Wednesday announced its foray into the 'Buy Now Pay Later' (BNPL) category with 'postpe'
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With 600,000 terminals, the bank is the third-largest PoS acquiring bank in the payments space
Limit lending amount and diversify among borrowers
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%
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Delhi-based BharatPe said it has raised Rs 100 cr each as debt from IIFL Wealth & Asset Management, and Northern Arc Capital
The huge capital inflows have enabled large, as well as startup IT firms to launch all-out attempts to acquire a talent pool
The funding would help the firm compete and take on players such Pine Labs, Paytm and Mswipe
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.
The fintech firm aims to triple the strength of its technology team and is hiring 100 candidates
The bike and gadget package is available to anyone referring tech talent to company
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.
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
Reserve Bank of India rewards the company and its partner, Jaspal Bindra, for agreeing to help revive Punjab & Maharashtra Co-operative Bank.
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
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.
Merchant payment and lending service provider BharatPe on Thursday said it has acquired Payback India from American Express and ICICI Investments Strategic Fund.
The fintech company, which is soon expected to become a unicorn, has raised Rs 50 crore in debt from Northern Arc Capital