BharatPe started in 2018 with the vision of empowering millions of small businesses with simple yet powerful new-age fintech solutions. Over the last 2 years, the company has been able to reach out and connect with millions of small merchants and benefit their businesses. The company has a well-entrenched merchant network of over 5 million merchants across 65 cities in the country. BharatPe has emerged as one largest B2B fintech lenders in the country today.
In November last year, the company toppled Google Pay to become the No.3 player in the UPI P2M category. Its recently launched Swipe business (BharatSwipe) offers India’s first debit/credit card payment acceptance machine with zero transaction fees and zero rentals to the merchants. The response for this product has been overwhelming and the company clocked US$2 bn of annualized transaction value in 3 months. BharatPe has set a target of US$ 30 bn in TPV by March 2023. It also aims to disburse US$ 1 bn of loans to small merchants and Kirana store owners by March 2023.
Watch this video to know more about the company’s vision and mission, the successes till now and the plans for the coming years.