Question : BharatPe has recently(November 2021) launched Merchant Shareholding Program(MSP) for its merchant partners. Accordingly, which of the following statement is correct ?
a. An equity pool structure worth upto $100 mn would create for MSP
b. An equity pool structure worth upto $150 mn would create for MSP
c. An equity pool structure worth upto $175 mn would create for MSP
d. None of the above
Ans. a.
Related facts —
- Fintech company BharatPe has recently(November 2021) announced the launch of Merchant Shareholding Program(MSP) for its merchant partners.
- BharatPe will be rolling out this program to its 7.5 million+ existing merchant partners and extend this to new merchants who join it.
- The company plans to create an equity pool structure worth upto $100 mn for MSP to be allotted to eligible merchants over the course of the next 4 years.
- The MSP pool will be worth close to $ 1bn by the time it goes public.
- It is notable that offline retailers are a key contributor to the growth of fintech companies, including global behemoths, there is no existing program that empowers their partners to create wealth for themselves, as the fintech company grows.
- The MSP program is designed to address this gap.