BharatPe Raises INR 50 Cr Debt From Northern Arc Capital
India, May 10 -- Indian financial services company BharatPe has raised INR 50 Cr in debt from Northern Arc Capital, a leading digital debt finance platform that is focused on improving access to finance for under-served businesses and individuals in India.
This is the sixth round of debt financing for BharatPe this year. In January, the company had raised INR 200 Cr from three top debt companies in the country, Alteria Capital, InnoVen Capital and Trifecta Capital. Later, it raised more capital from ICICI Bank and Axis Bank.
BharatPe was founded in 2018 by Ashneer Grover and Shashvat Nakrani. It is primarily a merchant-focused payments platform that offers a single interface for all existing UPI apps and other payments systems. In 2019,...
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