BharatPe Revenue Jumps Over 6X To Rs 700 Cr In FY21, Aims To Double It In FY22
- ByStartupStory | June 18, 2021
In FY21, BharatPe Revenue Jumps Over 6X To Rs 700 Cr. BharatPe Group President Suhail Sameer told PTI on Thursday ,the company gives small-ticket fully unsecured loans averaging at Rs 75,000 to merchant members. It disbursed Rs 1,600 crore in 2020-21 to 1.8 lakh merchant customers, rising from Rs 150 crore in 2019-20. he further added “FY21 was a great year for us as the pandemic turned out to be a game-changer for the payments and financial services industry,” said Sameer, adding that this, along with the company’s entry into the credit business, helped it grow manifold.”
BharatPe is also planning to enter 300 cities this year, growing from the current 100. The company has set a target of more than doubling the number of merchants to 1.2-1.3 crore this fiscal and take it to three crore next fiscal, on the revenue rise.
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