B2B fintech platform BharatNXT raises $1.2 M led by IPV

Mumbai-based BharatNXT, a B2B (business-to-business) fintech platform, has raised USD 1.2 million in a seed round led by Inflection Point Ventures. The round also saw participation from Spiral Ventures, Panthera Peak Capital and angel investors from the Keiretsu Forum network. The new funds will be used for product development, for expanding the team size by 4x and for scaling up. Founded in 2022, BharatNXT allows small and medium-sized businesses to use credit cards for their B2B transactions, providing a credit extension of 45 to 50 days. The platform is integrated with various portals, which allow for instant or T+1 settlements for all business payments, including GST, utility, and vendor payments, enabling SMEs (small and medium enterprises) manage their cash flows better.