What is BharatPe? BharatPe Review

BharatPe is a QR code payment application service provider that provides services to all applications that support the Unified Payments Interface and can provide bank account credit services directly to merchants.

About BharatPe, a UK-based digital bank

For India, the speed of investors' investment is much faster than the speed of economic development. From the perspective of the mobile phone market, India directly skipped feature phones and popularized smartphones. Now, for India's UPI mobile real-time payment, which is only three years old, one year is enough for a company to grow from an unknown to a significant market player.

In 2016, when PhonePe first entered the market, it witnessed Paytm's transformation from a disruptor to a leader. Now, the threat posed by BharatPe seems to be a repeat of that. For the payment market, revenue is a less important metric. Merchants no longer have to bear any costs for accepting electronic payments. Now, companies are pursuing market share.

So far, BharatPe has raised $67.8 million in five rounds of funding in just two years, with each round of funding accompanying its market share expansion. When the company had only 70,000 transactions, it was able to raise only $10 million from Sequoia Capital and Bee Next at a post-money valuation of $40 million, and when it reached 700,000 transactions, it was able to raise $50 million from Ribit Capital at a valuation of $275 million.