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How Indonesian neighborhood retailers can accelerate into the digital economy
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Platform technology services that are addressing local pain points have begun to resonate with Indonesian consumers and retailers, as they are able to attract the unbanked population of the country. In Southeast Asia, more than 70% of the adult population is either ‘underbanked’ or wholly ‘unbanked’, according to the
As accessible as digital banking and other tech-driven disruptions have made the Indonesian marketplace, a lack of understanding and resistance to all these new-fangled technological upgrades still throws off one of the largest segments in developing territories – the traditional cottage industry, known as
BharatPe loan-book crosses ₹1,000 cr; targets ₹1,250 cr disbursal by Mar
BharatPe offers loans in the range of ₹20,000 to ₹7 lakh, for up to 12 months
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. Updated: 25 Feb 2021, 09:13 PM IST PTI
The company s monthly disbursal has been consistently clipping at ₹200 crore, helping it grow over 10 times so far this year
All its loans are unsecured, but it will be launching a secured lending product shortly, Suhail Sameer, group president at BharatPe said
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Small merchants-focused credit supplier BharatPe has grown 10 times during the fiscal year so far, surpassing its full-year target of lending ₹1,000 crore of loans, and now expects to end the fiscal disbursing over ₹1,250 crore, a top company official said.
BharatPe gives 18 of its angels an exit with up to 80X returns
The fintech startup says nine angel investors, including Kunal Shah, continue to hold stock worth Rs 107 crore, as per the latest Series D valuation.
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Fintech startup BharatPe has announced that 18 of its angel investors have exited the company after its Series D funding round. The angles have seen returns as high as 80X in two years. The statement said the company has already returned
Rs 102 crore in cash to its secondary investors, as against the initial angel round of
Rs 1.9 crore. Nine angel investors, including Kunal Shah, continue to hold stock worth Rs 107 crore as per the latest Series D valuation, said the statement.