Indian Fintech startup BharatX raised $4.5 million through a round of financing Indian Fintech startup BharatX raised $4.5 Million in a round of funding from Silicon Valley’s famed accelerator Y Combinator. 8i Ventures and Multiply Ventures also participated.

The company plans to use the funds for expansion and product development. Other prominent angel investors joined the financing round including Harshil Mattur and Shashank Kumar, cofounders Razorpay; Arash Ferdowsi (co-founder Dropbox); Varun Alagh (cofounder Mamaearth); Varun Alagh (cofounder Razorpay); Varun Shah (cofounder Mamaearth); Kunal Shah (cofounder Cred); Ankur Aggarwal (cofounder of Dunzo; Vikas Chaudhury; President of Reliance Jio). BharatX was founded in 2019 by Mehul Nath Jindal and Eeshan Sharma. They are graduates of NIT Trichy. BharatX enables consumer-facing platforms that offer credit-as a-feature. According to a prepared statement, Thursday’s company stated that it is currently working with over 50 Indian brands and has seen its revenue grow by more than 10X in just four months. Its embedded credit feature is the “Pay in 3” plan for high ticket transactions on eCommerce players, which allows the customer to split their purchases into three interest-free installments. The statement stated that BharatX will increase its credit offering by launching new verticals, such as UPI Credit and Pay in 3. It also plans to launch 15/30 day cycles products, like credit cards.