Mumbai/IBNS: Fintech group BharatPe Wednesday said it has completed its acquisition of a majority stake in Trillion Loans, a renowned NBFC (Non-Banking Financial Company) based out of Mumbai. The deal was completed in the month of April.
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
BharatPe, which acquired a 51% stake in the Mumbai-based NBFC, said it has also infused a substantial amount of investment into Trillion Loans to enable its loan book to grow
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