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BharatPe to launch new entity BharatPe Money for lending vertical

Entrackr · 1y

Fintech company BharatPe is launching a new subsidiary called BharatPe Money, focusing on lending services for merchants and consumers. The company has created a new subsidiary called Resilient Digi Services Private Limited for this purpose. BharatPe Money offers customized credit products for MSMEs and consumers, along with additional services such as credit card payments and utility bill payments. The company has also recorded its first profitable month in October, with annualized revenue exceeding Rs 1,500 crore.