Jump to content

GetVantage

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by OrtizHugo (talk | contribs) at 04:56, 14 August 2024. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

GetVantage
Company typePrivate
Industry
Founded2019; 5 years ago (2019)
Founders
  • Bhavik Vasa
  • Amit Srivastava
Headquarters,
India
Area served
India
Websitegetvantage.co

GetVantage is a financial technology company specializing in revenue-based financing, which provides alternative funding solutions to small and medium-sized enterprises (SMEs) and startups.

History

Founded in 2019, GetVantage offers businesses access to non-dilutive capital by advancing funds based on their projected revenue streams.[1][2] Businesses repay the financing through a percentage of their future revenues, aligning repayment with their cash flow and enabling more flexible and scalable growth.[3][4]

The company employs algorithms for financing decisions, aiming to reduce bias and expedite the application process. Central to its technology are a proprietary machine learning model called the Credit Decision Engine and a cloud-based Deal Management System.[5]

References

  1. ^ "Start-up Ecosystem Sees Surge in Demand for Revenue-Based Financing: Report". Outlook Business. 2024-03-18. Retrieved 2024-08-14.
  2. ^ Bera, Ayanti (2024-03-18). "Startups are now crowding for revenue-based financing". Financialexpress. Retrieved 2024-08-14.
  3. ^ Singh, Rajiv. "How GetVantage Is Democratising Access To Working Capital For Underserved Businesses". Forbes India. Retrieved 2024-08-14.
  4. ^ "GetVantange invested in over 750 companies, mostly consumer facing firms in FY24". The Economic Times. 2024-05-31. ISSN 0013-0389. Retrieved 2024-08-14.
  5. ^ Shu, Catherine (2022-06-30). "GetVantage offers revenue-based financing to India's founders". TechCrunch. Retrieved 2024-08-14.