BharatPe is an Indian Multinational

fintech Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...

company that sells digital payment and

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

to small merchants and

Grocery store A grocery store ( AE), grocery shop ( BE) or simply grocery is a store that primarily retails a general range of food products, which may be fresh or packaged. In everyday U.S. usage, however, "grocery store" is a synonym for supermarket, a ...

History

According to Peerzada Abrar of ''

Business Standard ''Business Standard'' is an Indian English-language daily edition newspaper published by Business Standard Private Limited, also available in Hindi. Founded in 1975, the newspaper covers the Indian economy, infrastructure, international busine ...

'', "BharatPe was founded in 2018 by Ashneer Grover and Shashvat Nakrani, with the vision of making financial inclusion a reality for Indian merchants." In 2021, the company acquired Payback India, a "multi-brand loyalty programme"

2023 data theft allegations

In 2023 Ashneer Grover, who had left the company, accused his fellow co-founder Bhavik Koladiya of data theft. Grover claimed that Koladiya, who has since left BharatPe, had stolen data of 150 million users.

Investments

BharatPe has a stake in Unity Small Finance Bank.

Subsidiaries

Source: * Loyalty Solutions & Research Private Limited * Resilient Payments Private Limited * Resilient Digi Services Private Limited (formerly Resilient TechServ Pvt Ltd) * Resilient Capital Private Limited * Trillionloans Fintech Private Limited

PostPe

In October 2021 BharatPe launched the country's first BNPL (Buy Now Pay Later) product.

References

External links

* {{FinTech in India Financial services companies established in 2018 Payment service providers Online payments Mobile payments in India