Cloudflare Case Studies Fintech Startup BharatPe Automates Security with Cloudflare

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	Fintech Startup BharatPe Automates Security with Cloudflare Cloudflare

Fintech Startup BharatPe Automates Security with Cloudflare

Cloudflare

Technology Category	Cybersecurity & Privacy - Cloud Security Cybersecurity & Privacy - Network Security
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Cybersecurity
Services	Cybersecurity Services
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. Read More
About 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. Read More
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. Read More Log in to view content
Contents

Technology Category

Cybersecurity & Privacy - Cloud Security

Cybersecurity & Privacy - Network Security

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Cybersecurity

Services

Cybersecurity Services

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.

About 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.

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.

Impact #1	BharatPe was able to fend off relentless cyberattacks using Cloudflare's WAF and Bot Management.
Impact #2	The company was able to shift their focus from preventing cyberattacks to scaling their business.
Impact #3	The time it took to onboard new banking partners was reduced from nearly three months to less than a week.

Impact #1

BharatPe was able to fend off relentless cyberattacks using Cloudflare's WAF and Bot Management.

Impact #2

The company was able to shift their focus from preventing cyberattacks to scaling their business.

Impact #3

The time it took to onboard new banking partners was reduced from nearly three months to less than a week.

Benefit #1	Onboarding time for new banking partners was reduced from three months to less than a week.

Benefit #1

Onboarding time for new banking partners was reduced from three months to less than a week.

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Overview

Fintech Startup BharatPe Automates Security with Cloudflare

Operational Impact

Quantitative Benefit