BharatPe buys 51% stake in Trillion Loans

Fintech firm BharatPe on Tuesday said it has completed the acquisition of a 51% stake in Mumbai-based non-banking financial company Trillion Loans.

Veteran banker Ravindra Pandey, who superannuated recently from the State Bank of India; BharatPe interim CEO and chief financial officer Nalin Negi and BharatPe banking vertical head Sabyasachi Senapati have joined the Board of Trillion Loans.

“I believe there is a huge opportunity for Trillion Loans to further grow and address the close to $380 billion MSME credit gap as well as meet the diverse consumer credit demand in the country that has the largest youth population in the world.