Mumbai-based fintech startup GetVantage has secured Rs 63 crore in a mix of equity and debt funding to expand its Capital Gateway platform. The startup focuses on providing working capital to small businesses. As a private company, GetVantage shares are not traded on the Indian stock exchanges.
Mumbai-based fintech company GetVantage has closed a Series A1 funding round, raising Rs 63 crore through a combination of equity and debt. The round was led by former RBL Bank Managing Director Rajeev Ahuja and the SanRaj Group. Existing investors, including Chiratae Ventures, Varanium Fintech Fund, and VCMint, also participated in the funding, reflecting continued support for the startup.
GetVantage operates an API-based platform called Capital Gateway, which connects small and medium-sized enterprises (MSMEs) with financing providers. The company plans to use this fresh capital to expand the reach of this platform and grow its total committed financing capacity to over Rs 700 crore. The platform currently serves over 2,000 businesses, offering products such as revenue-based financing, term loans, and merchant cash advances.
Unlike traditional lenders that prioritize physical collateral, GetVantage uses an underwriting model based on alternative data and predictive analytics. This approach evaluates business cash flows and operating cycles to provide faster working capital access. The company also operates through its own RBI-registered non-banking financial company (NBFC), GetGrowth Capital, which allows it to participate directly in the lending process.
Since GetVantage is a private, unlisted company, it is not listed on the NSE or BSE. This means investors cannot trade its shares on the public market. For those interested in the fintech lending sector, it is important to understand the specific risks associated with this business model.
The lending industry is subject to strict regulatory oversight from the Reserve Bank of India (RBI). Changes in lending norms or digital banking regulations can directly impact operations. Additionally, the company operates in a highly competitive market for alternative lending. Success depends on maintaining healthy loan books and keeping non-performing assets (NPAs) under control, especially when lending to smaller businesses that may face volatile operating conditions.
Another significant factor for investors to monitor in such fintech models is the reliance on partner financial institutions for debt capital. If credit markets tighten or if partner banks reduce their lending participation, it could affect the platform's ability to scale. Moving forward, the company's ability to maintain high underwriting standards while expanding its loan book will be the primary metric for long-term stability.