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.
The Delhi-based fintech company, which currently has former SBI chairman Rajnish Kumar at its helm, has secured approval from the RBI to buy out 51% in Trillionloans, one of the people cited above said.