BharatPe turns EBITDA positive in October

Fintech unicorn BharatPe has achieved EBITDA positivity in October, reducing its monthly burn to attain profitability. The company’s business verticals have shown strong growth, resulting in annualized revenues of over Rs 1,500 crore. BharatPe’s lending segment partnered with NBFC partners to disburse over Rs 640 crore in loans to merchants, while the payments business recorded a total payment volume of over Rs 14,000 crore. The digital payments vertical witnessed a monthly transaction count exceeding 37 crores.