BharatPe raised $75m Seriec C to help Indian merchants accept digital payments

BharatPe, he said, has disbursed about $14 million “short-term” loans to over 20,000 merchants in the last seven months. New merchants can secure about $500 for a period of three months from BharatPe. As merchants spend more time on BharatPe, the firm increases the amount to about $2,000. The startup has amassed over 3 million merchants in 30 Indian cities. It aims to more than double that number by March 2021.

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