Fintech company BharatPe Friday said it aims to disburse loans worth over Rs 70 crore this year. Within the current month, small- and mid-sized shopkeepers are expected to avail loans worth over Rs 7 crore from the platform, a statement said.
The company has partnered with Apollo Finvest for the initiative, it added.
"Digital lending for small shopkeepers was non-existent till a few months back, and we are building this opportunity brick by brick to help the growth aspirations of over 1 crore small and medium retailers in India, over the next 5 years," BharatPe co-founder and Chief Executive Officer Ashneer Grover said.
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