Bharat Pe acquires 51% stake in Trillion Loans NBFC

Mumbai: BharatPe, a fintech in the payment space, has acquired a 51% stake in Trillion Loans, an NBFC based in Mumbai. As part of the deal, Bharat Pe has nominated retired State Bank of India executive Ravindra Pandey and its senior executive Nalin Negi, and Sabyasachi Senapati to Trillion Loans' board.

Trillion Loans will continue to operate independently, with its own team, and will explore partnerships with other fintech companies to enable credit across various businesses and consumers. BharatPe has also invested a undisclosed `significant’ amount to help Trillion Loans expand its loan book.

Trillion Loans offers secured and unsecured loans to SMEs, including small business loans, as well as working capital loans. Additionally, the company provides auto, gold, and education loans to consumers.

Shashvat Nakrani, BharatPe's Founder and COO, said that providing access to credit to merchant partners is key to the company's business model, and the acquisition will drive its growth and profitability. He added that the deal aligns with the BharatPe Group's goal to provide access to capital to a wider set of underserved and unbanked businesses and customers.

The company aims to bring in product and technology capabilities that will further enable Trillion Loans to launch new and innovative digital lending products. The acquisition has no impact on BharatPe's existing partnerships with NBFCs and financial institutions.


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