BharatPe Money is excited to announce that it has successfully raised 15,000,000 in fresh funding, further fueling its mission to transform financial inclusion for Indian merchants. Since its inception in 2018, BharatPe has been at the forefront of revolutionizing the payment landscape in India, launching groundbreaking innovations such as the country's first UPI interoperable QR code and providing a zero MDR payment acceptance service. The company's pioneering spirit did not stop there; following the challenges of the 2020 post-Covid era, BharatPe introduced India’s only zero MDR card acceptance terminals—BharatSwipe—which have further streamlined the payments ecosystem for millions of merchants across the nation.
This latest round of funding is a major milestone and will be strategically deployed to enhance BharatPe Money's technology infrastructure, broaden its product offerings, and further scale its operations. With more than 1 million merchants currently served across over 400 cities and an impressive annualized Transaction Processed Value of US$ 26 billion, the platform is already a leader in UPI offline transactions. The new funds will also support further innovations that drive efficiency, security, and convenience in digital payments, while intensifying efforts to facilitate equitable financial access for retail business owners.
BharatPe's commitment to empowering merchants is evident in its impressive track record, having disbursed loans totaling over ₹10000 crores since launch. With marquee investors like Tiger Global, Dragoneer Investment Group, Steadfast Capital, and Sequoia Capital (now Peak XV Partners) backing its journey, this recent funding round underscores the strong confidence the investment community has in BharatPe Money’s vision and capabilities. As the company gears up for the next phase of growth, it remains dedicated to delivering innovative and inclusive financial solutions that drive progress for businesses across India.
