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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. ┬а GetVantage, which is backed by investors including Chiratae Ventures, Varanium, InCred, DMI, and Japanese investors like Sony and DI, will capitalise the NBFC with тВ╣50 crore and aims to raise тВ╣200 crore in total to scale up its lending operations.

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