EP19: ItzCash journey, Mindfulness & GetVantage {Bhavik Vasa, Co-founder & CEO of GetVantage}
On EP19 episode I chat with Bhavik Vasa , he’s the Ex — Chief Growth officer at ItzCash and managed the business after the acquisition by EBIX. He was instrumental in the ItzCash journey to acquisition. Bhavik & I discuss his journey, the acquisition, mindfulness & his latest venture GetVantage.
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Prior to ItzCash Bhavik was a founding member of Radical Payments and ISTS Worldwide, a US based bespoke technology solutions ventures across financial services, retail and mobile payments.
Bhavik’s latest foray, GetVantage disburses capital through a commercial credit card, which allows the fintech to keep track of the borrower, and ensure that spends are made only towards the main cause of the borrowing. This is a source of alternate capital that seems to be the trend of lenders being enablers by participating in Revenue outcomes than as a fixed interest rate, like a bank would.
Globally, alternative funding models have gained significant traction with firms like Clearbanc, Uncapped, and RevUp Capital leading the way to reshaping how digital-first businesses are raising capital. GetVantage, similarly is a revenue-based financing platform, provides marketing and growth capital of Rs 20 lakh to Rs 2 crore to emerging businesses without equity dilution or any interest. Instead, the startup charges a flat fee and disburses loans in less than two weeks.
Bhavik is accessible on Twitter & LinkedIn, they’re hiring!
Stay Safe
- V (@varunvummidi)
Timeline:
02:25: — Black tees & lower # of decisions
05:50 — Early career
10:35 — Founding team to founder
12:50 — ItzCash
14:45 — Business of ItzCash
17:00 — What was the Network?
18:41 — Phygital profitability
21:50 — India , depth over wide : “ inch deep & mile wide market”
23:28 — Sponsoring the IPL
27:30 — Moving on from ItzCash/EBIX
29:10 — Mindfulness
38:55 — GetVantage
44:53 — What businesses are a good fit for alternate funding?
49:55 — How do you price GetVantage
52:33 — No Equity taken in those businesses
54:35 — Hiring
