BharatPe, OTO Capital and Volt Money bring secured loans to its merchant partners

By Gloria Mathias

BharatPe has forayed into the facilitation of secured loans for merchant partners on its platform.

BharatPe has partnered with OTO Capital, a digital commerce and lending platform, to enable two-wheeler loans. Additionally, the company has partnered with Volt Money to facilitate loans against Mutual Funds to its merchant partners. In the next phase, the company plans to expand this to a multi-product and multi-lender offering. Both loan facilities will be enabled on the BharatPe platform.

Nalin Negi, CEO of BharatPe, said, “I am excited about the launch of the secured loan offerings, as this further bolsters the credit portfolio enabled by BharatPe and underscores our commitment to enabling credit access to our merchants. I want to thank OTO Capital and Volt Money for joining hands with us to enable credit for our 1.3 crore+ merchant partners.”

Nalin added, “The launch of secured loans for BharatPe’s merchant partners will open a new monetization channel for us and help us drive engagement with our merchants by offering them an extensive portfolio of loan options to choose from. In the coming months, we will be adding new products in the secured loans category to cater to a wide set of requirements.”

Sumit Chhazed, CEO of OTO Capital, said, “We believe in the power of mobility to transform lives. Our mission is to make two-wheeler ownership accessible and affordable for every aspiring entrepreneur in India. Together, we are committed to providing accessible mobility solutions that will help businesses thrive. Our partnership with BharatPe is rooted in our shared commitment to empowering India’s entrepreneurial spirit.”

Bharat Lamba, Co-founder & CBO at Volt Money, shared, “We cannot be more excited about this strategic partnership with BharatPe. As a company, we closely identify with BharatPe’s mission of financial inclusion for Indian merchants. By providing instant loans against mutual funds, we are uniquely positioned to meet the short-term liquidity and working capital needs of MSMEs. This collaboration represents a significant step forward in our commitment to providing low-cost 100% digital financing solutions to Indian businesses by unfurling them to BharatPe’s diverse and large base of merchants.”