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BharatPe enters P2P lending with 12% interest promise days after Cred’s 9%

Shortpedia

Content Team
Image Credit: Inc42

B2B-focussed fintech startup BharatPe has forayed into peer to peer (P2P) lending, a few days after Kunal Shah-led credit card payments company Cred announced its entry into the space. While BharatPe promises an interest rate of up to 12% for both individual lenders and borrowers on its P2P platform, Cred has set a far lower interest rate of 9%.