BharatPe raises USD 14 million in debt from MAS Financial Services

Monday 25 October 2021 14:48 CET | News

India-based fintech BharatPe has raised USD 14 million in debt from MAS Financial Services in the eight round of debt fundraising for the company in 2021.

BharatPe has raised a total of over USD 84 million in debt at competitive rates, in 2021. It previously raised seven rounds of debt financing in 2021, having secured over USD 70 million from top venture debt funds (Alteria Capital, InnoVen Capital and Trifecta Capital), banks (ICICI Bank and Axis Bank), NBFCs (Northern Arc Capital), and wealth management companies (IIFL Wealth & Asset Management) in the earlier rounds. The company is on track to meet its debt raise targets for FY22.

BharatPe launched India’s first UPI interoperable QR code, ZERO MDR payment acceptance service, and UPI payment backed merchant cash advance service.

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Keywords: funding, UPI, payment processor, fintech, QR payments
Categories: Payments & Commerce
Countries: India
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