BharatPe acquires majority stake in Mumbai-based NBFC Trillion Loans

Fintech firm BharatPe Group said on Tuesday it completed acquiring a 51 per cent stake in Trillion Loans, a non-banking financial company (NBFC), in April.

Ravindra Pandey, Nalin Negi and Sabyasachi Senapati have been appointed to the board of Mumbai-based Trillion Loans, said BharatPe without disclosing the deal value. The company will operate as an independent entity with its own team under the board’s supervision. It will explore partnerships with other companies to enable credit for diverse businesses and consumers.

BharatPe said it has infused a substantial amount in Trillion Loans so that the NBFC can expand its loan book.