Ahead of the festive season, revenue-based finance major GetVantage has launched Bounce Back Capital, an initiative aimed to ensure quick funding for both early-stage ventures and traditional players from the small and medium enterprises (SMEs) space as well.
As part of the initiative, GetVantage has created an initial corpus of $5 million with an aim of lending an amount of up to $500,000 per venture.
“Bounce Back Capital is the result of feedback from customers and ecosystem partners who have expressed a dire need for larger investment as they look to meet increased consumer demand heading into the festive season, the first in two years since the pandemic started,” stated a release by GetVantage.
The Bounce Back initiative will come with benefits like quicker access to funding — businesses can get money in just seven days — while targeting more entities in terms of not just start-ups but also traditional SMEs.
