Fintech Startup BharatPe Automates Security with Cloudflare
Company Size
200-1,000
Region
- Asia
Country
- India
Product
- Cloudflare WAF
- Cloudflare Bot Management
Tech Stack
- Cloudflare
- APIs
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Cybersecurity & Privacy - Cloud Security
- Cybersecurity & Privacy - Network Security
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Cybersecurity
Services
- Cybersecurity Services
About The Customer
BharatPe is a fintech startup based in India, co-founded by Bhavik Koladiya. The company offers a single interface for small and medium-sized businesses (SMBs) in India to accept any payment apps at no cost. The platform is particularly beneficial for businesses in rural India, where the nearest bank could be miles away. Within a year of launching, BharatPe had onboarded over 2.5 million merchants and had gone from processing 300 transactions per day to over 1.5 million.
The Challenge
BharatPe, a merchant payment processing company, was under constant cyberattacks from the moment it launched. The company was targeted with SQL injections and brute force attacks, which impeded its ability to scale effectively. The company's engineers were constantly pulled into time-intensive security projects, such as identifying their attackers' IPs, a task that took nearly three months. As a result, other important projects had to be put on hold. The attacks also risked the trust of their customers, which is crucial for a company in the payment business.
The Solution
BharatPe turned to Cloudflare for an automated solution to their security problems. They implemented Cloudflare's Web Application Firewall (WAF) and Bot Management to fend off the relentless cyberattacks. The immediate results from the WAF led BharatPe to explore how Cloudflare’s solutions could be implemented in other areas of the business. For instance, they are building a new platform for shoppers that will require them to expose their database, making them vulnerable to automated data scraping attacks. Cloudflare's solutions also minimized the time it takes to onboard new banking partners.
Operational Impact
Quantitative Benefit
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