Home > Practice > Current Affairs > May - 2024 > May 07, 2024
1. Which company recently secured the first-ever NBFC license for revenue-based finance (RBF) start-up in India?
GetVantage, a pioneering company in revenue-based finance (RBF), achieved a significant milestone by obtaining an NBFC license from the Reserve Bank of India (RBI). This makes GetVantage the first RBF and alternative funding platform in India to receive such authorization. With ambitious fundraising goals and a focus on diverse sectors like cleantech, D2C, EV, infrastructure, eCommerce, and SaaS, GetVantage's strategic expansion through its NBFC arm, GetGrowth Capital, highlights its commitment to supporting emerging SMEs and fostering financial innovation in the Indian market.