GetVantage

GetVantage
Company type	Private
Industry	Financial services;
Founded	2019; 5 years ago
Founders	Bhavik Vasa; Amit Srivastava;
Headquarters	Mumbai, Maharashtra, India
Area served	India
Website	getvantage.co

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Last edited by OrtizHugo (talk | contribs) 3 months ago. (Update)

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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.^[1]

History

Founded in 2019, GetVantage offers businesses access to non-dilutive capital by advancing funds based on their projected revenue streams.^[2]^[3] Businesses repay the financing through a percentage of their future revenues, aligning repayment with their cash flow and enabling more flexible and scalable growth.^[4]^[5]

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.^[6]

In May 2023, GetVantage obtained a license as a non-banking financial company from the Reserve Bank of India for its NBFC division, GetGrowth Capital.^[7]^[8]

Funding

The company is funded by Chiratae Ventures, Varanium, InCred, DMI, and Japanese entities such as Sony and DI.^[9]

References

^ Bardhan, Saptak (2022-11-02). "Simplifying Access To Funds". Entrepreneur. Retrieved 2024-08-14.
^ "Start-up Ecosystem Sees Surge in Demand for Revenue-Based Financing: Report". Outlook Business. 2024-03-18. Retrieved 2024-08-14.
^ Bera, Ayanti (2024-03-18). "Startups are now crowding for revenue-based financing". Financial Express. Retrieved 2024-08-14.
^ Singh, Rajiv. "How GetVantage Is Democratising Access To Working Capital For Underserved Businesses". Forbes India. Retrieved 2024-08-14.
^ "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.
^ Shu, Catherine (2022-06-30). "GetVantage offers revenue-based financing to India's founders". TechCrunch. Retrieved 2024-08-14.
^ Bureau, The Hindu (2023-05-04). "GetVantage secures NBFC licence". The Hindu. ISSN 0971-751X. Retrieved 2024-08-14. {{cite news}}: |last= has generic name (help)
^ "Revenue-based financing startup GetVantage secures NBFC licence from RBI". The Economic Times. 2023-05-04. ISSN 0013-0389. Retrieved 2024-08-14.
^ Bureau, Our (2020-10-27). "GetVantage raises $5 million from Chiratae Ventures, Dream Incubators, others". Hindu Business Line. Retrieved 2024-08-14. {{cite web}}: |last= has generic name (help)

History

Funding

References

Further reading