Former Paytm CFO Vikas Garg’s new startup Kredmint has raised $2 million as part of its first round of funding, according to ETtech report. The round was led by startup entrepreneurs and angel investors, including Cred founder Kunal Shah, BharatPe cofounder Ashneer Grover, Junio cofounder Shankar Nath, Nearbuy founder Ankur Warikoo, and Yatra cofounder Manish…
The Reserve Bank of India (RBI) has issued a Small Finance Bank (SFB) license to the consortium of Centrum Financial Services Limited (Centrum), the established and profitable small business lending arm of the Centrum Group and Resilient Innovations Private Limited (BharatPe), one of India’s fastest-growing fintech companies. A new bank license has been issued after…
Fintech startup BharatPe announced the appointment of Rajnish Kumar on its Board. Rajnish Kumar, one of the most respectable names in the banking industry in India and erstwhile Chairman of SBI, will also be the Chairman of Board, the company said in its statement. Rajnish will be involved in defining the Company’s short-term and long-term strategy, and…
Fintech startup BharatPe has appointed Nehul Malhotra as Head- Consumer Lending. Nehul will work closely with the CEO, Suhail Sameer, to scale up the consumer focussed lending products at BharatPe. Nehul’s appointment is the 5th senior level appointment for BharatPe in the year 2021. The company had earlier announced the appointment of Parth Joshi (CMO), Amit Jain (CRO),…
BharatPe, India’s leading financial services company for merchants, announced that it has raised US$ 370 mn in Series E equity round, at a post-money valuation of US$ 2.85 bn. The primary component of the round is US$ 350 Mn and secondary component of US$ 20 Mn. All employees holding vested ESOPs have been given full liquidity in the secondary. The round,…
India’s fintech startup BharatPe has announced its plan to hire tech professionals to strengthen its Technology team. The company, that is planning to launch a slew of products in the merchant and consumer lending space, will be tripling the strength of its Technology team and hiring 100 more members. BharatPe announced a first-of-its-kind Referral & Joining…
Merchant payment and lending service provider BharatPe said it has acquired Payback India from American Express and ICICI Investments Strategic Fund. Financial details of the deal were not disclosed. This is the first-ever acquisition by BharatPe and will make Payback India a wholly-owned subsidiary of BharatPe, a statement said. Payback India – launched in 2010 – is a multi-brand loyalty programme…
Financial services platform BharatPe has announced that Amit Jain has been appointed as Chief Risk Officer. In this role, he will work along with Group President Suhail Sameer and Co-Founder and CEO of BharatPe – Ashneer Grover. “Jain has over 17 years of experience in portfolio and credit risk management across consumer and SME lending…
Fintech startup BharatPe has appointed Gautam Kaushik as its second Group President. Gautam will work with Ashneer Grover, Co-Founder and CEO of BharatPe, and lead payments and banking partnerships. Prior to this role, Kaushik was the CEO and MD of PAYBACK India where he led the largest customer loyalty programme in the country. “It is…
Fintech startup BharatPe has announced the appointment of Sumeet Singh as General Counsel and Head – Corporate Strategy. In his new role, Singh will be responsible for corporate strategy, compliance, licensing, equity and debt deals, ESOP schemes, cap table management and preparation for eventual listing. The appointment will further bolster the leadership team at BharatPe,…
BharatPe, the digital payments platform has announced the appointment of Kewal Handa as an Independent Director, according to ET report. Prior to this, Handa was associated with Union Bank of India and Pfizer. Handa has served as Chairman of Union Bank of India and Managing Director of Pfizer. He has also been Independent Director at…
BharatPe, the digital payments platform has announced that Dhruv Bahl has been elevated to the role of Chief Operating Officer (COO) with immediate effect, said a statement issued by the company. In his new role as COO, Bahl will leadi operations across customer support, deployments – QR, Swipe & Cards, KYC, loan disbursals and lead…
BharatPe, a UPI payments and digital lending platform, announced that it has appointed Ankur Jain as Chief Product Officer. In his new role, Ankur will contribute to BharatPe’s plans to scale up its footprint to 10 million merchants this year. Ankur becomes the fifth CXO at BharatPe. He will be joining Vijay Agarwal (CTO), Nishit Sharma…
YAP, a Chennai-based API platform has announced that it has raised $4.5 million led by Singapore-based venture capital firm Beenext. Other investors including angel investors that took part in the funding round include 8i Ventures Fund, The DMI Group, Better Capital, Alok Mittal, CEO, Indifi, Ashneer Grover, CEO, BharatPe, Amrish Rau, CEO, PineLabs and Jupiter…
BharatPe, a UPI payments system, has appointed Dhruv Bahl as its ‘Head of Operations’. He will be responsible for overall operations across merchant acquisitions, servicing, payments, lending, and commerce. Dhruv has more than 13 years of experience having worked at Fortis, Bain & Company, PayTM, Airtel Payments Bank and Roadzen. In a statement, Ashneer Grover,…