Fintech company BharatPe aims to become a bank for small merchants

The firm, which provides technology and digital lending for offline businesses including kiranas, has witnessed $2-billion annualised business transactions for its POS segment in just three months

Suhail Sameer, group president of BharatPe, has been with the fintech company for about four months now. But the company is already seeing rapid growth under his watch, mainly as the Covid-19 pandemic has significantly accelerated digital payments.

The Delhi-based company that provides payment technology and digital lending for offline businesses, including kiranas, is seeing a three-fold growth in transaction value and two-fold growth in volumes amid the pandemic. It has witnessed $2 billion worth of annualised business transactions for its point-of-sale (PoS) segment in just three months. PoS now contributes close to a fourth of its annual transaction value.