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BharatPe was co-founded by Ashneer Grover and Shashvat Nakrani in 2018 with the vision to make financial inclusion a reality for Indian merchants. BharatPe launched India’s first UPI interoperable QR code, first ZERO MDR payment acceptance service, and first UPI payment backed merchant cash advance service. In 2020, BharatPe also launched India’s only ZERO MDR card acceptance terminals – BharatSwipe. Currently serving over 60 lakh merchants across 100 cities, the company is a leader in UPI offline transactions, processing 8 crore+ UPI transactions per month. The company has already facilitated disbursement of over Rs 1,200 crores to its merchants since launch. BharatPe’s POS business is clocking over Rs. 900 crores/ month. BharatPe has raised close to US$ 270 million in equity and debt, till date. The company’s list of marquee investors includes Tiger Glonbal, Sequoia Capital, Coatue Management, Ribbit Capital, Insight Partners, Steadview Capital etc.