BharatPe Raises $15.5 Mn In Series A Round From Sequoia, Insight Partners
4 April 2019 8:56 AM IST
The fintech startup will use the funds to scale their operations. BharatPe offers a single interface for all existing UPI apps.
- Fintech startup BharatPe has raised $15.5 Mn in Series A funding from Insight Partners, Sequoia, and Beenext.
- The worth of the total transactions made in March 2019 was INR 1.33 Lakh Cr, which is 25% higher than INR 1.06 Lakh Cr transaction worth in February 2019.
- As of January, it was reported that Paytm had recorded 221 Mn transactions while PhonePe and Google Pay clocked nearly 220 Mn transactions each.
- Interestingly in the latest reports, Google Pay has emerged as the leading Unified Payments Interface (UPI) platform in terms of total transactions value exceeding by a margin of about 25%.
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