Question
________ has secured a non-banking financial company
(NBFC) license from the Reserve Bank of India (RBI), and its NBFC arm would run the lending operations.Solution
GetVantage, an alternative financing fintech platform has secured a non-banking financial company (NBFC) licence from the Reserve Bank of India (RBI), and its NBFC arm GetGrowth Capital would run the lending operations. GetVantage, which is backed by investors including Chiratae Ventures, Varanium, InCred, DMI, and Japanese investors like Sony and DI, will capitalise the NBFC with ₹50 crore and aims to raise ₹200 crore in total to scale up its lending operations.
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