Building the Future of Business Financing with a Seed Round of $10.3 Million!
Hello, we are Velocity, a Bengaluru-based fintech founded in early 2020. We are pioneers in revenue-based financing in India. Talking about financing, we recently raised $10.3 million in a seed round led by Valar Ventures, a US-based venture capital (VC) firm backed by Peter Thiel. This is Valar Ventures’ first investment in an Indian startup and we’re thrilled to be the chosen one.
We are utilizing these funds to grow our clientele and build world-class financing products for the businesses of tomorrow. You can read more about it here.
Currently, we offer two credit products.
1. Revenue-Based Financing (RBF):
We are proud to bring RBF to the Indian business ecosystem. It is a fast and flexible way for entrepreneurs to raise capital without equity dilution or collateral. We provide revenue-based growth capital of up to Rs. 4 crore to online businesses. Repayment is flexible and happens as a fixed percentage of future monthly revenues. This makes revenue based financing a great alternative to VC and bank debt.
2. Corporate Credit Card
This is a first-of-its-kind corporate credit card focused on digital marketing spends. Launched in partnership with the State Bank of Mauritius (SBM) and Visa, it helps online businesses automate their digital marketing expenses.
Our focus is currently on the e-commerce and direct-to-consumer (D2C) segments. In one year, over 500 businesses have signed up with us and we plan to grow this number by 10x this year.
Velocity provides revenue-based financing of up to Rs. 3 crore to online Indian businesses. We currently cater to direct-to-consumer (D2C) and e-commerce brands. To grow your business with us, apply now and get funded within 7 days.