Google News
logo
Current Affairs - 2021
The “12% Club” app has been launched by which fintech firm?
A)
Paytm
B)
GPay
C)
BharatPe
D)
PhonePe

Correct Answer :   BharatPe


BharatPe, one of India’s fastest growing FinTech companies, recently announced its foray into the consumer space with the launch of its consumer product- 12% Club. Available on Google Play Store and Apple App Store, this product aims to redefine the rules of consumer lending and investments.
 
With 12% Club, consumers will have an option to invest and earn upto 12% annual interest or borrow at a competitive interest rate of 12%. BharatPe has partnered with RBI approved NBFCs to offer this investment-cum-borrowing product for consumers. The company aims to achieve an investment AUM of US$ 100 million and a lending AUM of US$ 50 million from this product, by the end of the current fiscal.

Published On : August 26, 2021
Advertisement