Fintech unicorn BharatPe has invested approximately $8-9 million in its non-banking financial company (NBFC) arm, Trillion Loans, raising its stake to nearly 60%. The investment follows BharatPe’s acquisition of a 51% majority stake in Trillion Loans in May 2023.
Trillion Loans is now valued at $100 million, with BharatPe planning to acquire 100% of the firm within the next 24 months. The move is intended to bolster confidence among stakeholders and enhance operational capabilities.
BharatPe is also aiming to increase its stake in Unity Small Finance Bank, where it currently holds 49% of the shares. The company has recently raised additional debt, with Trillion Loans securing funds from Credit Saison.
BharatPe, which has not commented on the latest developments, is reportedly working towards profitability and has seen significant revenue growth.
