About Vector Finance
Vector Finance is a company based in Bhubaneswar (India) founded in 2018. Vector Finance has raised $2.08 million across 4 funding rounds from investors including VT Capital, Renu Balyan and Sakshi Merchants. The company has 1,006 employees as of April 05, 2024. Vector Finance offers products and services including Microfinance Loans and Business Correspondent Services. Vector Finance operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Bhubaneswar, India
- Employees 1006 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Vector Finance Private Limited
- Date of Incorporation 21 Nov, 2018
- Jurisdiction Bhubaneswar, Orissa, India
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Annual Revenue
$5.13 M (USD)65.6as on Mar 31, 2023
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Net Profit
$720.49 K (USD)615.82as on Mar 31, 2023
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EBITDA
$1.09 M (USD)344.14as on Mar 31, 2023
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Total Equity Funding
$2.08 M (USD)
in 4 rounds
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Latest Funding Round
$574.45 K (USD), Seed
Mar 04, 2024
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Investors
VT Capital
& 34 more
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Employee Count
1006
as on Apr 05, 2024
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Products & Services of Vector Finance
Vector Finance offers a comprehensive portfolio of products and services, including Microfinance Loans and Business Correspondent Services.
Provides short-term loans to micro enterprises for income generation and business expansion.
Facilitates loan disbursals and collections for other financial institutions.
Funding Insights of Vector Finance
Vector Finance has successfully raised a total of $2.08M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $574.45 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Vector Finance
Vector Finance has secured backing from 35 investors, including angel and institutional investors. Prominent investors backing the company include VT Capital, Renu Balyan and Sakshi Merchants.
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Offers packing, moving, and relocation services for households and businesses.
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A proprietary trading firm is operated in financial markets.
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Investor details for Vector Finance
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Investments & Acquisitions by Vector Finance
Investment portfolio details for Vector Finance
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- Portfolio identities
- Transaction dates
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Financial Statements - Vector Finance
Detailed financials for Vector Finance
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- Profit trends
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Vector Finance Comparisons
Peer comparison for Vector Finance
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Competitors of Vector Finance
Vector Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Microfinance banking services are offered in India by ESAF.
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Micro loans for businesses are offered by this NBFC.
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Micro-finance bank
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Provider of micro-credit & insurance for low income income individuals and women
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Microcredit services are provided to rural women for financial inclusion.
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Micro-credit financing is provided to low-income individuals and businesses.
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Detailed competitors of Vector Finance
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Latest news on Vector Finance
Complete news archive for Vector Finance
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Frequently Asked Questions about Vector Finance
Vector Finance was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Vector Finance is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Vector Finance is a funded company, having raised a total of $2.08M across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Vector Finance is 1,006.
Annual revenue of Vector Finance is $5.13M as on Mar 31, 2023.
Vector Finance was established in 2018 in Bhubaneswar, India, within the microfinance sector. Short-term group loans are extended to underserved women to promote financial inclusion. Doorstep services are provided to borrowers, while installments are collected during group meetings. Operations focus on accessible lending in regional communities.
Vector Finance's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
Vector Finance offers Microfinance Loans and Business Correspondent Services.
Vector Finance has 35 investors. Key investors include VT Capital, Renu Balyan, Sakshi Merchants, Sagar Jagdish Daryani, and Mattew Cherian.
The valuation of Vector Finance is $28.48M as of Mar 2024.