BharatPe

BharatPe was founded in 2018 with the vision of making financial inclusion a reality for Indian merchants. In 2018, BharatPe launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, BharatPe also launched India’s only zero MDR card acceptance terminals – BharatSwipe. Currently serving over 1 millions merchants across 400+ cities , the company is a leader in UPI offline transactions, with annualized Transaction Processed Value of US$ 26 Bn in payments. The company has already facilitated disbursement of loans totalling to over ₹10000 crores to merchants, since launch. BharatPe has raised over US$ 583 million in equity till date. The company’s list of marquee investors includes Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo, and Sequoia Capital (now Peak XV Partners).

http://www.bharatpe.com

201-500 employees

Growth Trajectory

BharatPe's growth potential lies in expanding its financial service offerings, particularly in consumer lending and investments, and further penetrating Tier 2 and 3 cities across India. Key growth indicators include platform scalability demonstrated by 450 million+ UPI transactions monthly, expansion into new financial services like secured loans, and strategic acquisitions like PAYBACK India (Zillion). The company also focuses on enhancing payment security and integrating with platforms like ONDC.

Technical Challenges

Safeguarding UPI transactions against evolving digital fraud threats.

Ensuring seamless integration with multiple payment apps and banking systems.

Maintaining platform scalability to handle increasing transaction volumes.

Meeting regulatory requirements for data retention and financial services.

Tech Stack

UPIQR code technologyMobile app platform4GWiFi

Team Size

Key Risks

Evolving digital fraud threats could compromise UPI transactions, necessitating continuous improvement of security measures.

Intense competition in the rapidly growing UPI payment sector may erode market share if BharatPe fails to innovate and differentiate.

RBI regulations for payment aggregators and NBFCs may impose compliance burdens and restrict business models.

Talent acquisition challenges in the competitive fintech landscape might hinder growth and innovation.

Opportunities

Further development of AI-powered fraud detection systems can enhance the security of UPI transactions and attract more users.

Expanding financial service offerings, such as insurance and wealth management, can increase revenue streams and customer loyalty.

Partnerships with more NBFCs and financial institutions can extend lending and investment capabilities.

Strategic alliances with industry players can provide access to new markets and technologies.

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