New Delhi : With an aim to leave behind the Ashneer Grover controversy and bring business on track, fintech platform BharatPe on Thursday launched an investment platform for its merchant partners.
In the first phase, the company is going live with peer-to-peer (P2P) investments and bank-deposit products with its partners on the platform.
The P2P investment product is being powered through RBI regulated non-banking financial companies (NBFCs) LenDenClub and Liquiloans.
BharatPe said in a statement that it is also working on providing its merchants an option to invest in fixed deposits by Unity Small Finance Bank.
“We believe that it should be the merchant who should have the power to decide which investment product and which partner he/she would like to invest with,” said Suhail Sameer, CEO, BharatPe.
With the P2P lending product, merchants will have an option to earn interest of up to 12 per cent per annum in the first phase, and around 8 per cent on the fixed deposit product.
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