FinTech Magazine - December 2021 | Page 127

BharatPe
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BharatPe

Currency raised in 2021 : $ 545mn Founded : 2018
As one of India ' s biggest fintech startups , BharatPe provides business owners with app-based payments and card acceptance options . It offers zero transaction fees and no monthly costs , making it one of the most appealing alternatives for small and medium-sized businesses wanting to expand in India . In addition , the company also offers a card payments machine so business owners can accept card payments at physical locations .
BharatPe was founded in 2018 and also boasts a P2P lending solution called the 12 % Club to enable alternative financing options that are not available through traditional banks . It ​ has a workforce of over 1,100 employees and received funding of $ 545mn ( USD ) this year from investors to develop new products and services . fintechmagazine . com 127