BharatPe renames 12% Club as Invest BharatPe; enters larger wealth management play
BharatPe is working on introducing new investment and wealth management features on its peer-to-peer lending application 12% Club.
The 12%Club app has been renamed Invest BharatPe and is available on the Google Play Store. It has launched digital gold for investments as its first product, the company said in a statement on Monday.
Responding to ET's queries, BharatPe said that it has halted fresh deposits for its P2P lending product but the existing users will be able to access their investments through the new app.
According to its entry in the app store, BharatPe plans to go beyond digital gold to offer fixed deposits in partnership with banks and others, small-ticket investment products and others.
A person in the know added that BharatPe could eventually get into trading and other related products like mutual funds.
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