Fin-Tech platform BharatX has secured $250k in a pre-seed round led by Java Capital along with LetsVenture. Angels including Anupam Mittal, Ritesh Jain, Faiz Mayalakkara and Amit Kumar Singh also participated in the round.
The startup was also a part of the Lightspeed Extreme Entrepreneurs Cohort of 2021.
Founded in 2019 by Mehul Nath Jindal, Eeshan Sharma, Shyam Murugan and Siddharth Venu, BharatX delivers embedded credit experiences on consumer facing platforms across India in a white label format.
The firm also offers pay later for food delivery and payment apps, postpaid features for ride-hailing apps along with “Design-Your-Own-Credit ” feature, allowing merchants to develop their own payment method, with technology powered by BharatX.
The Bengaluru headquartered company aims to bridge the gap where nearly 480 million Indians don’t get access to credit due to lack of documentation, high interest rates and inadequate supply of credit, with credit products enabled on apps that those users already use.