News > BharatPe to raise over Rs 5,000 crore in debt funding in the next 2 years

BharatPe to raise over Rs 5,000 crore in debt funding in the next 2 years

E-News | 06/01/2021 02:08 PM | Click to read full article

Financial Technology firm BharatPe on Wednesday said it plans to raise over Rs 5,000 crore in debt funding in next 2 years to build its lending business.

The company further announced that it has received Rs 60 crore from Innoven Capital, a venture debt and speciality lending firm. BharatPe at present provides a single interface for all existing UPI apps and allows merchants to accept UPI payments for free, through the BharatPe QR.