The acquisition of the NBFC will bolster Tiger Global-backed BharatPe's lending play as it can offer loans and credit facilities without relying on partners
Trillion Loans will operate as an independent entity and will continue to explore partnership opportunities with other companies to enable credit across diverse sectors, the company said in a statement.
Full-stack fintech services provider BharatPe Group on Tuesday announced it has completed a majority stake (51 per cent) acquisition in Trillion Loans, a Mumbai-based non-banking financial company (NBFC), for an undisclosed sum.The company .
Sequoia and Tiger Global-backed fintech unicorn BharatPe has completed its acquisition of 51% stake in Mumbai-based non-bank lender Trillion Loans.
Trillion Loans offers secured and ..
The company appointed veteran banker Ravindra Pandey, CFO and interim CEO of BharatPe Nalin Negi and Sabyasachi Senapati, part of the leadership team at BharatPe who heads its banking vertical, on the board of Trillion Loans which will operate as an independent entity with its own team under the supervision of the board. Bhar