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    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.
    A GetVantage Correct Answer Incorrect Answer
    B Capital Float Correct Answer Incorrect Answer
    C Faircent Correct Answer Incorrect Answer
    D MoneyTap Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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