02 May 2023, 16:46
BharatPe Group has acquired a controlling stake in Mumbai-based NBFC Trillion Loans, a provider of secured and unsecured loans to SMEs along with offering small business and working capital loans, auto, gold, and education loans to consumers. Trillion Loans will operate as an independent entity and seek partnerships with other fintechs. The acquisition deal will see BharatPe's advisor, CFO and head of the banking vertical on Trillion Loans' board. The deal is aimed at facilitating access to capital to underserved and unbanked businesses and customers, said Shashvat Nakrani, founder and COO, BharatPe.