BharatX, a fintech platform, has raised $250k in a pre-seed round sponsored by Java Capital and LetsVenture. Anupam Mittal, Ritesh Jain, Faiz Mayalakkara, and Amit Kumar Singh were among the angels who took part in the round. The company was also a member of the 2021 Lightspeed Extreme Entrepreneurs Cohort.
BharatX, founded in 2019 by Mehul Nath Jindal, Eeshan Sharma, Shyam Murugan, and Siddharth Venu, is a white label provider of embedded credit experiences on consumer facing platforms in India.
With BharatX technology, the company also offers pay later for food delivery and payment apps, postpaid options for ride-hailing apps, and a “Design-Your-Own-Credit” tool that allows merchants to create their own payment method.
With credit products accessible on applications that those customers currently use, the Bengaluru-based startup hopes to bridge the gap where roughly 480 million Indians denied access to credit due to a lack of documentation, high interest rates, and an inadequate supply of credit.