GetVantage Secures NBFC License from RBI: Pioneering RBF Start-up

In a groundbreaking move, GetVantage, a start-up specializing in revenue-based finance (RBF), has achieved a significant milestone by obtaining a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). This accomplishment marks a pivotal moment as GetVantage becomes the first RBF and alternative funding platform in India to receive such authorization.

Strategic Expansion with GetGrowth Capital

Under the umbrella of GetVantage, its NBFC arm, GetGrowth Capital, is poised to raise ₹200 crore in debt funding to enhance its financing operations. Focusing on sectors like cleantech, D2C, EV, infrastructure, eCommerce, and SaaS, GetGrowth Capital aims to support over 1,000 emerging SMEs across India.

Financial Backing and Ambitious Goals

Supported by investors such as Chiratae Ventures, Varanium, InCred, DMI, and Japanese entities like Sony and DI, GetVantage plans to infuse Rs 50 crore into the NBFC, with aspirations to raise a total of Rs 200 crore. The company targets annual disbursements exceeding Rs 500 crore in short-term working capital finance within the next 18 months.

Addressing a Lucrative Market Opportunity

With the SME working capital opportunity in India estimated at over $300 billion, GetVantage’s NBFC license solidifies its position as a leading alternative financing platform. The company aims to provide flexible funding solutions without equity dilution, catering to various sectors including B2B SaaS, cleantech, D2C, EV & infrastructure, eCommerce, QSR, and more.

Founder’s Vision and Commitment

Bhavik Vasa, Founder & CEO of GetVantage, expresses excitement over securing the NBFC license, emphasizing the company’s dedication to offering innovative and accessible financing options for India’s emerging SME sector. Vasa highlights the importance of regulatory compliance and sees this milestone as a catalyst for accelerated growth and enhanced customer value.

Driving Growth and Collaboration

Over the past 18 months, GetVantage has facilitated funding for 500 new economy businesses, establishing itself as a leader in the non-dilutive funding space. The NBFC license will bolster the fintech’s revenue pipeline, enabling co-investment opportunities with financial institutions and direct customer service provision, expanding its reach and impact.