GetVantage
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2019 |
| Founders |
|
| Headquarters | , India |
Area served | India |
| Website | getvantage |
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)
Further reading
- Gupta, Paromita (11 March 2024). "GetVantage Launches INR 100 Cr Rise-Up Fund for Women Entrepreneurs". Entrepreneur. Retrieved 14 August 2024.
{{cite news}}: CS1 maint: url-status (link) - Mohan, Raghu (6 July 2023). "Fintech Hop On The Licensing Bandwagon". Fortune India. Retrieved 14 August 2024.
{{cite news}}: CS1 maint: url-status (link) - Golikeri, Priyanka (9 December 2021). "Pledging revenues: start-ups' new funding model". Fortune India. Retrieved 14 August 2024.
- Patton Power, Aunnie (29 May 2021). "GetVantage and VIWALA: Our Revenue-Based Financing Journey". Adventure Finance. Switzerland: Springer Nature. doi:10.1007/978-3-030-72428-3_11. ISBN 978-3-030-72428-3.
{{cite book}}: CS1 maint: date and year (link)
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