Financial services company for merchants BharatPe has onboarded Rajnish Kumar as its chairman of the board.
Speaking on the announcement, Rajnish Kumar, chairman at BharatPe, commented, “In just three years, BharatPe has come a long way in becoming a trusted name in the financial services industry. It has redefined payments with its products like interoperable QR and has also emerged as the largest B2B lender in the industry. This company has a huge opportunity ahead and it would be great to work closely with its young and talented team to build financial services for the India of tomorrow.”
Ashneer Grover, Managing Director at BharatPe, added, “It is a matter of great validation and pride for us that one of the biggest stalwarts of the Indian Banking Industry has agreed to join BharatPe as Chairman of the Board. We look forward to invaluable guidance from Kumar as we build India’s largest digital credit provider. We are confident that under his able guidance, BharatPe will attain new heights and build the best-in-class Fintech for the new India.”
The company has recently raised US$ 370 million in series E round, at a post-money valuation of US$ 2.85 bn.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.