BharatPe hires Chief Business Officer to push lending entry

BENGALURU: Digital payments company BharatPe, which onboards micro merchants for Unified Payments Interface-based transactions, has appointed Pratekk Agarwaal as its chief business officer to lead its push into lending. The company is now getting into lending and other financial services for merchants.

Agarwaal has more than 18 years’ experience, having worked across financial services companies like Indostar Capital, Bajaj Capital and Fullerton India. He also cofounded Selfin in December 2016 to work on financial management, insurance and lending.

Ashneer Grover, CEO, BharatPe, said the company was looking to drive credit for more than 5 million merchants within the next one year and will be investing steadily in promoting this vertical and making toplevel hires.