#ashneer grover new app

[buindia]

Discover the dynamic world of cricket with the Crickpe app. Elevate your cricket-watching experience today. Keep reading to know more.

[johnthejacobs]

BharatPe Share Price Riding High on the Terrain

Introduction BharatPe, a rapidly growing fintech company in India, has been making waves in the financial market. Known for its innovative solutions and robust business model, BharatPe has significantly impacted the digital payments landscape in India. This article explores the factors contributing to the upward trajectory of BharatPe Share Price, the company's historical context, technological advancements, expansion strategies, regulatory impacts, and future prospects.

Historical Context and Establishment Founded in 2018 by Ashneer Grover and Shashvat Nakrani, BharatPe aimed to simplify digital payments for merchants in India. The company introduced a unique QR code-based payment solution that allowed merchants to accept payments from multiple UPI apps through a single interface. This innovative approach quickly gained traction among small and medium-sized enterprises (SMEs), establishing BharatPe as a key player in the digital payments ecosystem.

The Rise of BharatPe: Revolutionizing Digital Payments BharatPe's rise to prominence can be attributed to its focus on providing seamless and efficient payment solutions to merchants. By addressing the pain points of traditional payment systems, BharatPe offered a hassle-free and cost-effective alternative. The company's commitment to transparency, low transaction fees, and excellent customer support helped it gain the trust of thousands of merchants across India. This early success laid the foundation for the rise in BharatPe Share Price.

Technological Innovations and Product Offerings One of the key drivers of BharatPe's success has been its continuous focus on technological innovations. The company has consistently upgraded its platform and introduced new products and services to meet the evolving needs of its clients. BharatPe's flagship product, the BharatPe QR code, allows merchants to accept payments from any UPI app, thereby enhancing the payment experience for both merchants and customers. Additionally, BharatPe has expanded its product portfolio to include lending services, POS machines, and investment products. These technological advancements have been instrumental in driving the rise in BharatPe Share Price.

Expansion into New Markets and Services BharatPe has strategically expanded its offerings to cater to a broader range of customers. The company now provides lending services to merchants, allowing them to access working capital loans with minimal documentation and quick disbursal. BharatPe's entry into the lending space has been particularly successful, with its innovative approach to underwriting and credit assessment. This diversification strategy has enabled BharatPe to tap into new revenue streams and reduce its dependency on payment processing services, contributing to the rise in its share price.

Regulatory Reforms and Market Environment The regulatory reforms and favorable market environment have also played a significant role in the upward trajectory of BharatPe. The Reserve Bank of India (RBI) has implemented several measures to enhance market transparency and protect investor interests. These reforms have created a conducive environment for fintech companies like BharatPe to thrive. Furthermore, the overall growth of the Indian digital payments market and increasing adoption of UPI have positively impacted BharatPe's business, leading to a rise in its share price.

Financial Performance and Profitability BharatPe's strong financial performance and profitability have been significant factors in the upward movement of its share price. The company's low-cost business model and focus on operational efficiency have resulted in healthy profit margins. BharatPe has consistently reported robust financial results, with steady growth in revenues and profits. This strong financial performance has instilled confidence among investors and contributed to the rise in BharatPe Share Price.

Competitive Advantages and Market Position BharatPe's competitive advantages and market position have also played a crucial role in driving its share price upwards. The company's innovative business model, technological prowess, and customer-centric approach have set it apart from its competitors. BharatPe's ability to attract and retain a large customer base has solidified its position as a market leader in the fintech industry. This strong market position has been a key factor in the rising share price of BharatPe.

BharatPe IPO and Pre-IPO Shares The anticipation of a BharatPe IPO has been a significant factor in the market, contributing to the excitement and speculation surrounding the company's future. The BharatPe Pre-IPO shares have garnered considerable interest among investors looking to capitalize on the company's growth potential before the official public offering. The interest in BharatPe Unlisted Shares reflects the confidence investors have in the company's continued success and the potential impact of the BharatPe Upcoming IPO.

Future Prospects and Growth Opportunities Looking ahead, the future prospects for BharatPe's share price remain positive, with several growth opportunities on the horizon. The increasing digitization of financial services and the growing popularity of digital payment platforms present significant growth potential for BharatPe. The company is well-positioned to capitalize on these trends and expand its market share further. Additionally, BharatPe's focus on innovation and customer-centric approach will continue to drive its growth and enhance its share price.

Challenges and Risks While the future looks promising for BharatPe, there are certain challenges and risks that could impact its share price. The fintech industry is highly competitive, with new players entering the market regularly. BharatPe will need to continue innovating and differentiating itself to maintain its competitive edge. Regulatory changes and market volatility could also pose risks to BharatPe's business. However, the company's strong fundamentals and strategic initiatives should help mitigate these challenges and sustain its upward trajectory.

Conclusion The rise in BharatPe's share price is a testament to the company's innovative business model, technological advancements, and customer-centric approach. BharatPe has successfully disrupted the traditional payment systems and established itself as a market leader. The company's strong financial performance, competitive advantages, and favorable market environment have all contributed to the upward movement of its share price. As BharatPe continues to expand its offerings and capitalize on growth opportunities, the future looks bright for the company and its investors. The journey of BharatPe's share price advancing upwards is a compelling story of innovation, growth, and success in the Indian fintech sector. The potential for a BharatPe IPO, along with the interest in BharatPe Pre-IPO shares and BharatPe Unlisted Shares, underscores the confidence in the company's future. The anticipation surrounding the BharatPe Upcoming IPO is expected to further fuel interest and investment in the company.

[insperonjournal]

All You Need to Know About the Latest Fintech News Worldwide.

Financial technology also known as fintech describes new technology that works for the betterment and automates the delivery and usage of financial services. There are many fintech applications or fintech sources such as rob advisors, peer-to-peer (P2P) lending apps, cryptocurrency apps, investment apps, payments apps, and so on. These apps are widely used by people around the world.

For people who still are concerned about what fintech is, in broader terms fintech means any company that uses the internet, mobile devices, cloud services, or any software technology to connect with financial services or else to make use of them.

There are four different categories of fintech arenas, they are digital lending, payments, digital wealth management, and blockchain. These are of particular interest because of the quick pace of growth, regulatory, and technological disruptions among other risks.

The latest fintech news worldwide could be got from various websites. There is news hovering on the internet about Bhavik Koladiya’s exit is something to mourn for but not Ashneer Grover’s. Here in the interview, Sameer, the chief executive officer of BharatPe shares his views related to the incidents and the rumors about the BharatPe saga. He also talks about how the fintech unicorn plan and tactics for the mainstream merchant lending business.

Another news is that how Chinese loan applications are making huge money and laundering it out of India. The profits that these Chinese are making such as from Chinese loan apps and unscrupulous foreign betting and gambling sites are most of the time moved to other countries under the conditions of payments for travel, purchasing of digital goods and services, education, and so on. We see that this financial technology has given us the chance to maximize the scope and reach of modern financial crimes and controversies that need to stop.

There is also some fintech news in India, which people should be aware of. There is news about India being the bright spot on the dark global horizon. International Monetary Fund Managing Director, Kristalina Georgieva says in an interview on Thursday, that India deserves to be known as a bright spot on this dark horizon since it has been growing at a fast pace and the economy is growing accordingly too, even during these times of difficulties. Moreover, it is to be noticed that this growth which is happening is not underpinned by any structural reforms.

There is a pool of fintech news around the country and abroad, which can be traced. If you search for a keyword such as an update fintech news, there will be available news and articles related to fintech. All the latest and fresh news could be got from different websites.

Fintech companies, the ideology behind this technology have now become a very important part of the country’s economy, helping it to carry on and on. Today, our country has more than 7000 fintechstartups that are operating in different segments. From Neo banking platforms to P2P lenders, fintech carries a whole level of possibilities and services to the masses.

[salmankhanholics]

★ BharatPe ropes in Salman Khan as brand ambassador!

May 13, 2019 

Merchant service and UPI payments app BharatPe Monday said it has roped in Bollywood actor Salman Khan as its brand ambassador.

The company is on an aggressive growth spree and will be launching a brand advertising campaign with Khan shortly, it said in a release.

The new brand campaign with Khan will be focused towards educating merchants and users about UPI payments along with driving adoption of BharatPe app for all their business needs, it added.

The fintech startup will also partner with the actor for outdoor campaigns, radio, social media and in-app education initiatives, the statement said.

"BharatPe is positioned as the business utility app for small and medium businesses. The brand's synergy with brand Salman Khan lies in the manner that we both are determined to serve Bharat, the real India," BharatPe co-founder and CEO Ashneer Grover said.

Khan is a universally loved and respected superstar whose body of work always cuts across with the audience, he added.

We are privileged to have him as the face of BharatPe to take the financial inclusion to small businesses, who need it the most," he said.

Co-founded by Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge and others.

BharatPe has raised three financing rounds worth USD 17.5 million till date from investors like Insight Partners, Sequoia and Beenext.

[newsmatters]

BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank - Times of India

BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank – Times of India

NEW DELHI: Fintech company BharatPe on Sunday said it has raised Rs 139 crore (about USD 20 million) in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants. Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants a single interface for all UPI apps like Paytm, PhonePe, Google Pay,…

[magzoso-tech]

BharatPe raises $75M to help Indian merchants accept digital payments and secure working capital

New Post has been published on http://rebrand.ly/ur1v3g2

BharatPe raises $75M to help Indian merchants accept digital payments and secure working capital

BharatPe, a New Delhi-based startup that is enabling hundreds of thousands of merchants to accept digital payments for the first time and also providing them with access to working capital, has raised $75 million in a new financing round as it looks to scale its business in the nation.

The Series C round for the one-and-a-half-year-old startup was led by New York-headquartered hedge fund Coatue Management and existing investor Palo Alto-based fintech investor Ribbit Capital.

VC firm Amplo, and existing investors Steadview Capital and Insight Partners also participated in the round, which valued the startup at over $400 million. BharatPe has raised $140 million to date.

BharatPe operates an eponymous service to help offline merchants accept digital payments. Even as India has already emerged as the second largest internet market, with more than 500 million users, much of the country remains offline. Among those outside of the reach of the internet are merchants running small businesses, such as roadside tea stalls.

To make these merchants comfortable with accepting digital payments, BharatPe relies on QR codes that support government-backed UPI payments infrastructure. Ashneer Grover, co-founder and chief executive of BharatPe, said the startup will use much of the fresh capital to fund working capital for its merchant partners.

BharatPe, he said, has disbursed about $14 million “short-term” loans to over 20,000 merchants in the last seven months. New merchants can secure about $500 for a period of three months from BharatPe. As merchants spend more time on BharatPe, the firm increases the amount to about $2,000.

The startup has amassed over 3 million merchants in 30 Indian cities. It aims to more than double that number by March 2021.

The lending business is crucial to BharatPe. Payment apps make little to no money through making transactions on their platforms. Those processing UPI payments can not even charge a small commission to merchants. Additionally, access to working capital is a major challenge in developed markets such as India. According to a World Bank report, more than 2 billion people globally do not have access to working capital.

Scores of new and established players today are offering a range of solutions including lending to merchants. Earlier this month, Paytm, the largest fintech startup in India and which raised $1 billion late last year, introduced a stand that displays QR check-out codes that has a built-in calculator, and a USB charger with sound box that delivers confirmation message when a transaction has processed. The startup also unveiled a point-of-sale machine with built-in scanner and printer for merchants.

[un-enfant-immature]

BharatPe raises $75M to help Indian merchants accept digital payments and secure working capital

BharatPe, a New Delhi-based startup that is enabling hundreds of thousands of merchants to accept digital payments for the first time and also providing them with access to working capital, has raised $75 million in a new financing round as it looks to scale its business in the nation.

The Series C round for the one-and-a-half-year-old startup was led by New York-headquartered hedge fund Coatue Management and existing investor Palo Alto-based fintech investor Ribbit Capital .

VC firm Amplo, and existing investors Steadview Capital and Insight Partners also participated in the round, which valued the startup at over $400 million. BharatPe has raised $140 million to date.

BharatPe operates an eponymous service to help offline merchants accept digital payments. Even as India has already emerged as the second largest internet market, with more than 500 million users, much of the country remains offline. Among those outside of the reach of the internet are merchants running small businesses, such as roadside tea stalls.

To make these merchants comfortable with accepting digital payments, BharatPe relies on QR codes that support government-backed UPI payments infrastructure. Ashneer Grover, co-founder and chief executive of BharatPe, said the startup will use much of the fresh capital to fund working capital for its merchant partners.

BharatPe, he said, has disbursed about $14 million “short-term” loans to over 20,000 merchants in the last seven months. New merchants can secure about $500 for a period of three months from BharatPe. As merchants spend more time on BharatPe, the firm increases the amount to about $2,000.

The startup has amassed over 3 million merchants in 30 Indian cities. It aims to more than double that number by March 2021.

The lending business is crucial to BharatPe. Payment apps make little to no money through making transactions on their platforms. Those processing UPI payments can not even charge a small commission to merchants. Additionally, access to working capital is a major challenge in developed markets such as India. According to a World Bank report, more than 2 billion people globally do not have access to working capital.

Scores of new and established players today are offering a range of solutions including lending to merchants. Earlier this month, Paytm, the largest fintech startup in India and which raised $1 billion late last year, introduced a stand that displays QR check-out codes that has a built-in calculator, and a USB charger with sound box that delivers confirmation message when a transaction has processed. The startup also unveiled a point-of-sale machine with built-in scanner and printer for merchants.

[un-enfant-immature]

India’s BharatPe raises $50M to help merchants accept digital payments and secure working capital

BharatPe, a New Delhi-based firm that is enabling hundreds of thousands of merchants to start accepting digital payments for the first time each month and also giving them access to working capital, has raised $50 million as it looks to scale its business in the nation.

The Series B round for the one-year old startup was led by San Francisco-headquartered VC firm Ribbit Capital and London-based Steadview Capital, both of which have previously invested in a number of financial services in India.

Existing investors Sequoia Capital, Beenext Capital, and Insight Partners also participated in the round, pushing BharatPe’s all-time raise to $65 million. The new round valued the startup at $225 million, Ashneer Grover, cofounder and CEO of BharatPe, told TechCrunch in an interview.

BharatPe operates an eponymous service to help offline merchants accept digital payments. Even as India has already emerged as the second largest internet market with over 500 million users, much of country remains offline. Among those outside of the reach of the internet are merchants running small businesses such as roadside tea stalls.

BharatPe team with actor Salman Khan, who is the firm’s brand ambassador.

To make these merchants comfortable in accepting digital payments, BharatPe relies on QR codes built as part of government-backed UPI payments infrastructure. “We get them to put up a QR code in their shops, and any customer that uses a UPI-powered payments app — which is now supported by nearly every payments app in India — can pay these shop owners digitally,” said Grover.

Through BharatPe, these merchants also get access to a simplified dashboard on their phones to track the customers who owe them money and get periodic reminders.

BharatPe has amassed more than 1.5 million merchants on its platform. It processes over 21 million transactions a month worth more than $83 million, Grover said.

BharatPe also allows merchants to secure short-term loans. New merchants can secure about $500 for a period of three months from BharatPe. As merchants spend more time on BharatPe, the firm expands the amount to about $2000.

The lending business is crucial to BharatPe. Payments app make little to no money through making transactions on their platforms. Those processing UPI payments can not even charge a small commission to merchants. “There is no money to be made in doing payments in India,” Grover said. But payment services can charge small interest on loans.

Grover said BharatPe aims to use the fund to add about 3.5 million merchants in the next 12 months. The firm has more than 2000 sales people who are adding 400,000 new merchants to BharatPe each month, he said.

Rest of the money will go into financing the loans on the platform and building new solutions. Later today, BharatPe will launch a new service to connect suppliers and merchants through BharatPe so that their accounts are in sync.