BharatPe has recorded disbursal of over Rs 80 crore in September 2020 and facilitated loan disbursals to the tune of Rs 150 crore through its partners in the September quarter
BharatPe claimed that it serves over 4 million merchants across 35 cities, and grew its business by 30 times in 2019. The company claims to have disbursed over 35,000 loans worth Rs 175 crore
Existing investors Sequoia Capital, Beenext Capital and Insight Partners also participated
The company is working towards driving the adoption of UPI among merchants, and has established operations in 11 cities including Indore, Bhopal, Nagpur, Chandigarh, and Jaipur
The company provides merchants with interoperable UPI QR codes