Varanium Nexgen, DMI Sparkle co-lead Getvantage’s $36M round

GetVantage, a revenue-based financing fintech and growth platform for SMEs, has attracted a US$ 36 million growth financing round led by Varanium Nexgen Fintech Fund, and DMI Sparkle Fund.

Existing backers Chiratae Ventures and Dream Incubator Japan and new investors Sony Innovation Fund, InCred Capital, and Haldiram’s Family Office also participated. 

Combined with the $5 million seed round announced in 2020, this brings GetVantage’s total funding raised so far to over $40 million. This includes multiple debt lines with leading NBFC partners to rapidly scale its all-in-one finance and growth platform.

The new investment will power the growth of GetVantage’s performance-based financing solution and embedded finance product, enhance technology infrastructure, scale its product suite to meet the evolving needs of fast-growing digital businesses, expand its growing portfolio of B2B SaaS and subscription-driven businesses, and explore new-market opportunities across Southeast Asia.

Launched in 2020, GetVantage offers entrepreneurs access to equity-free capital between $10,000 and $500,000 in as fast as 5 days as a founder-friendly alternative to traditional funding sources (like venture capital and bank debt). Nearly 4,000 businesses have applied for non-dilutive financing via its platform. The company uses a data-driven approach to eradicate bias and power faster funding decisions to help brands double down on key growth areas like marketing, inventory, logistics, and expansion.

Using a tech-first approach, GetVantage’s RBF platform makes funding frictionless for founders who can apply in minutes, get a bespoke funding offer within 48 hours, and get funded in less than 5 days.

In addition to non-dilutive capital, portfolio companies get access to real-time insights, a mentor network, and the most powerful partner rewards ecosystem for startups in the country. 

In 2021, GetVantage claims it saw 300 per cent YoY growth and helped brands achieve 1.8x revenue growth post-funding on average. To date, GetVantage’s revenue-based financing marketplace has funded over $270 million in GMV for over 35 brands across18 categories ranging from B2B SaaS and subscription businesses, D2C, eCommerce, edutech, healthtech, cloud kitchens, and nutrition, amongst others.