Fintech company BharatPe's parent entity, Resilient Innovations, is reportedly considering selling a portion of its stake in Unity Small Finance Bank (Unity SFB). According to sources cited by Business Standard, the company is planning to offload 25% of its holdings in the bank, aiming to raise approximately $800 million through the sale.

49% Stake Story

Currently, Resilient Innovations holds a 49% stake in Unity SFB. The proposed stake sale aligns with regulatory requirements, which mandate BharatPe to reduce its ownership in the bank to 10% by 2029. This strategic move is seen as part of the company's efforts to comply with guidelines while potentially unlocking value from its investment in Unity SFB.

Unity Small Finance Bank was established to cater to the financial needs of underserved segments, offering innovative banking solutions and services. Resilient Innovations' decision to pare down its stake comes at a time when the fintech sector is witnessing significant growth and increasing regulatory scrutiny.

Capital For Growth 

The sale, if finalized, could provide BharatPe with substantial capital, which it may use to fuel its growth in the fintech space or expand its product portfolio. However, specific details regarding the potential buyers and the timeline for the transaction remain undisclosed.

This development highlights the evolving strategies of fintech companies as they navigate regulatory frameworks while exploring opportunities for growth and sustainability in a competitive market.

BharatPe Parent Company 

Resilient Innovations, the parent entity of fintech company BharatPe, is reportedly looking to sell a part of its stake in Unity Small Finance Bank. According to sources quoted by Business Standard, the company is planning to sell 25% of its stake in the bank. The aim is to raise around $800 million through the sale. As of today, Resilient Innovations holds a 49% stake in Unity SFB and this is a good thing for the company and for the market.