GetVantage, a pioneer in RBF, secured the first-ever NBFC license for an RBF startup in India

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GetVantage, a start-up specializing in revenue-based finance (RBF), has reached a critical milestone by acquiring a non-banking financial company (NBFC) license from the Reserve Bank of India. This accomplishment is significant because GetVantage is the first RBF and alternative funding platform in India to acquire such authorization.

Strategic Expansion Through GetGrowth Capital

GetVantage's NBFC arm, GetGrowth Capital, plans to borrow Rupees 200 crore in debt funding to expand its lending operations. GetGrowth Capital seeks to help over 1,000 rising SMEs in India, with a focus on cleantech, D2C, EV, infrastructure, eCommerce, and SaaS.

Financial Backing And Ambitious Goals

GetVantage, backed by investors like Chiratae Ventures, Varanium, InCred, DMI, and Japanese businesses such as Sony and DI, intends to invest Rs 50 crore in the NBFC, with a goal of raising a total of Rs 200 crore. Within the next 18 months, the company expects to make annual short-term working capital finance disbursements of more than Rs 500 crore.

Addressing A Lucrative Market Opportunity

With the SME working capital opportunity in India estimated at more than $300 billion, GetVantage's NBFC license strengthens its position as a premier alternative lending provider. The company seeks to provide flexible funding solutions without equity dilution to a variety of industries, including B2B SaaS, cleantech, D2C, EV & infrastructure, eCommerce, QSR, and others.

Founder's Vision And Commitment

Bhavik Vasa, Founder and CEO of GetVantage, discusses his enthusiasm on obtaining the NBFC license, highlighting the company's commitment to providing innovative and accessible finance choices for India's emerging SME sector. Vasa emphasizes the importance of regulatory compliance and views this milestone as a fuel for faster expansion and more customer value.

Driving Growth And Collaboration

Over the last 18 months, GetVantage has arranged finance for 500 new economy startups, establishing itself as a non-dilutive fundraising leader. The NBFC license would boost the fintech's revenue funnel by allowing for co-investment options with financial institutions as well as direct consumer service offering, thereby expanding its reach and impact.

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