Indian fintech startup BharatX raises $4.5 million in funding

Oluwajuwonlo Afolabi -

BharatX, a fintech startup based in India has raised $4.5 million in new funding round from Y Combinator, Silicon Valley-based accelerator, 8i Ventures, Multiply Ventures, Soma Capital, and angel investors.

  • The startup claims the funds will be used to increase its team and develop its products.
  • Launched in 2019, BharatX is a business-to-business-to-consumer (B2B2C)  fintech startup helping consumer-facing platforms offer credit-as-a-feature services.
  • BharatX claims it 10xed its revenue in the last four months and currently works with 50 Indian brands.
  • It last raised $250,000 in its pre-seed round from angel investors in December 2021.