BharatPe has secured $15 million (approximately Rs 125 crore) in debt funding, co-led by Neo Group and Trifecta Capital, with additional participation from Alteria Capital.
The company plans to utilise the funds for business expansion and general corporate purposes.
In a significant regulatory development, BharatPe’s subsidiary, Resilient Payments, has received final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
The platform will be launched under the brand name ‘BharatPe X’, aiming to scale digital payment solutions, particularly in Tier 2 and 3 cities.
With this approval, BharatPe becomes the only Indian FinTech company to hold an NBFC license (Trillion Loans), a stake in a Small Finance Bank (Unity SFB), and now a payment aggregator license. The company currently serves over 13 million merchants across more than 450 cities, processing over 450 million UPI transactions monthly.
The dual milestones of securing substantial funding and obtaining the RBI’s payment aggregator license position BharatPe to further strengthen its footprint in India’s digital financial ecosystem.
With a strong footprint in the offline payment space and a network of millions of merchants, BharatPe Group is uniquely positioned to bridge the gap between offline and online commerce.
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