Debt Financing
B2B fintech unicorn BharatPe raises Rs.100-Cr from MAS Financial
Fintech unicorn BharatPe has raised INR 100 crore (about USD 14 million) in debt from MAS Financial Services. It will use the funds to build its merchant lending vertical more aggressively. BharatPe is a B2B fintech for lenders, facilitating loan disbursals of over INR 300 crore to offline merchants every month. It claims to serve over 70 lakh merchants across over 140 cities and process over 11 crore UPI transactions per month (annualised transaction processed value of more than USD 11 billion). BharatPe has raised over USD 650 million in equity and debt, till date. Its investors include Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital and others.
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