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BharatPe Elevates Nalin Negi as CEO and Begins Search for New CFO

Apr 16, 2024

Position

Chief Executive Officer

Company

BharatPe

Nalin Negi
nalin@bharatpe.com
GurugramFinancial ServicesSoftwareInternet ServicesFinanceFintech

Description

BharatPe has announced the elevation of Nalin Negi as its Chief Executive Officer (CEO) and will commence the search for a new Chief Financial Officer (CFO). Nalin Negi, with extensive experience in the fintech industry, will lead the company into its next phase of development.

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Company Information

Company

BharatPe

Location

Gurugram, Haryana, India

About

BharatPe was founded in 2018 with the vision of making financial inclusion a reality for Indian merchants. In 2018, BharatPe launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, BharatPe also launched India’s only zero MDR card acceptance terminals – BharatSwipe. Currently serving over 1 millions merchants across 400+ cities , the company is a leader in UPI offline transactions, with annualized Transaction Processed Value of US$ 26 Bn in payments. The company has already facilitated disbursement of loans totalling to over ₹10000 crores to merchants, since launch. BharatPe has raised over US$ 583 million in equity till date. The company’s list of marquee investors includes Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo, and Sequoia Capital (now Peak XV Partners).

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