The Best Buy and Best Sell Anywhere

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BharatPe launched its 12% Club app, which allows people to invest and earn up to 12% annual interest or borrow at similar rates. A statement said BharatPe has teamed with RBI-approved NBFCs to provide consumers an investment-cum-borrowing solution. It stated that the company, which provides financial services to merchants, wants to attain an investment AUM of $100 million (about 741.8 crore) and a lending AUM of $50 million (about 371 crore) from 12% Club by the end of the current fiscal year. Google Play and Apple App Stores will sell the new offering. "BharatPe's partner P2P NBFCs let 12% Club app users lend money at any moment. The 12% Club offers collateral-free loans of up to 10 lakh for 3 months "said. Cred has launched CRED Mint in cooperation with Liquiloans, an RBI-registered P2P NBFC, to allow its members earn up to 9% per year by investing between 1 and 10 lakh. BharatPe claimed consumer loans will have no processing or pre-payment fees and will be based on a c...