• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 20, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Fintech start-up “GetVantage” secures $5M funds in Seed round

by Chhavideep Singh
October 28, 2020
in Business
Reading Time: 2 mins read
0
Fintech start-up “GetVantage” secures $5M funds in Seed round
TwitterWhatsappLinkedin

Financial technology start-up, GetVantage secures USD 5 Million in its seed round which was led by Chiratae Ventures along with Dream Incubator- a Japanese business development and consulting company and other financial companies that are not banks.

You might also like

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

Microsoft Layoffs Stir Debate Over AI’s Real-World Impact

Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

The fund raised is a mix of debt-line and equity which can be used for funding purposes by the fintech start-up.

Credits: https://rb.gy/1pimr0

GetVantage was established in 2019 by Bhavik Vasa and it intends to provide RBF which stands for Revenue-Based-Financing. This type of financing is basically a loan which is paid back with a percentage amount of the borrower’s revenue. The company provides RBF services to entrepreneurs for online and e-commerce business in India and parts of South-East Asia as well.

Revenue Based Financing allows entrepreneurs and their businesses to raise new capital fund from GetVantage with strategic partner choices that ensure the safety of their shares.

In a recent statement, the company mentioned that they usually generate a growth capital between USD 25,000 to USD 2, 50, 000 through their RBF sustained platform. GetVantage has an impressive portfolio for a company that is less than a year old with its major brand target being across direct-to-consumer businesses, e-commerce platforms etc. The main target market for the company relies on Business-To-Business software-as-a-service operations, education technology start-ups and subscription-based services.

Credits: https://rb.gy/llhro7

In talks with GetVatage CEO, he mentions that in the span of next two years, the company aims to expand its operations into markets across South-East Asian countries, beginning with Singapore being its next target market.

Economics of India has been greatly impacted by so many factors, especially the COVID-19 pandemic. Even before that, there was a digital shift in order within major business industries and the country as a whole which has been significantly boosted by the pandemic. Businesses and companies want to take advantage of this digital shift and wish to grab every possible economic opportunity that comes along with it. GetVantage is the solution and we are here to assist, says CEO Bhavik Vasa.

Furthermore, on the story, Vasa mentioned that during these past few months of lockdown, more and more companies wanted to build a digital presence which resulted in an overall 70% hike in business for GetVantage.

Credits: https://rb.gy/qzqa4f

However, Bhavik Vasa has not been alone in this business errand; he started the GetVantage along with Amit Srivastava, technical operations at the company, former employee of SBC Fintech and Sachin Tagra who previously headed the Brand Capital business.

GetVantage is all set to compete with Jenfi as it plans to expand operations in Singapore.

Tags: GetVantage
Tweet54SendShare15
Previous Post

Google Pay temporarily removed from AppStore: Here’s Why?

Next Post

Tinder App to roll out “Face-to-Face” feature globally, enabling opt-in video chatting

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

Jio Financial Services and Allianz Group Ink 50:50 Reinsurance Joint Venture Deal

by Anochie Esther
July 20, 2025
0
JFSL

In a landmark move poised to reshape India's insurance landscape, Jio Financial Services Ltd (JFSL) and Germany-based Allianz Group have entered into a binding agreement to form a...

Read more

Microsoft Layoffs Stir Debate Over AI’s Real-World Impact

by Anochie Esther
July 20, 2025
0
Microsoft

A recent Reddit post has sparked a wave of concern and discussion across the tech industry, revealing a Microsoft software engineer was abruptly laid off via a “cold...

Read more

Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

by Rounak Majumdar
July 19, 2025
0
Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

A new report by US-based short seller Viceroy Research has brought the spotlight back onto Vedanta Limited’s semiconductor ambitions, raising serious questions about the business practices of its...

Read more
Next Post
Tinder App to roll out “Face-to-Face” feature globally, enabling opt-in video chatting

Tinder App to roll out "Face-to-Face" feature globally, enabling opt-in video chatting

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?