Velocity provides financial products such as term loans, revenue-based financing, and payment solutions specifically designed for digitally native businesses in India. By offering rapid access to capital and data analytics, Velocity addresses the challenges of cash flow management and growth acceleration for e-commerce and SaaS companies.
Funding
$63.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VVFounders
Product
Problem
Digitally native businesses in India face challenges in managing cash flow and accelerating growth due to limited access to suitable financial products. Traditional financing options often require collateral or equity dilution, which may not be ideal for e-commerce and SaaS companies with variable or unpredictable cash flows.
Solution
Velocity provides a suite of financial solutions tailored for digitally native businesses, including term loans, revenue-based financing, credit lines, payment solutions, and e-commerce analytics. These products are designed to provide rapid access to capital without requiring collateral or equity dilution, enabling businesses to invest in growth initiatives such as inventory, marketing, and infrastructure. Velocity's data-driven approach allows for flexible repayment terms linked to revenue, and provides insights to optimize business performance. The platform integrates with various online payment gateways and marketplaces, streamlining financial operations and providing a comprehensive view of business metrics.
Target Audience
Velocity primarily targets digitally native businesses in India, including D2C brands, SaaS companies, EdTech platforms, and restaurants that generate healthy revenues and accept online payments.
Features
- Term loans with fixed monthly repayments suitable for businesses with predictable cash flow
- Revenue-based financing with repayments linked directly to revenues, ideal for businesses with variable cash flow
- Overdraft facility providing on-demand access to a line of credit for ad hoc capital requirements
- Business credit cards with up to 50 days of credit period and higher limits
- Payment solutions enabling businesses to make payments using any credit card
- E-commerce analytics platform providing insights into key business metrics and industry benchmarks
- Integration with online payment gateways such as Razorpay and Cashfree
- Integration with marketplaces such as Amazon, Myntra, Flipkart, and Shiprocket
- AI-powered tools to reduce Return-to-Origin (RTO) and Non-Delivery Rates (NDRs)
- Shipfast solution to empower D2C brands to offer 4-hour, same-day, and next-day shipping