About Vector Finance
Vector Finance is a Financial Services company based in Bhubaneswar (India) founded in 2018. Microcredit services are offered to underserved women via group loans. 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. Vector Finance was last valued at $28.48 million in March 2024. Its Indian entity Vector Finance Private Limited reported revenue of ₹50.24 Cr. Vector Finance offers products and services including Microfinance Loans and Business Correspondent Services. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bhubaneswar, India
- Employees 1,006
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website vectorfinance.in
- Social LinkedIn Facebook
- Legal Name Vector Finance Private Limited
- Date of Incorporation 21 Nov, 2018
- Jurisdiction Bhubaneswar, Odisha, India
- Annual Revenue₹50.24 Cr
FY 2024 · +18% YoY
- Net Profit₹4.23 Cr
FY 2024 · 8% margin
- EBITDA₹10.86 Cr
FY 2024 · 22% margin
- Total Equity Funding$2.08M (USD)
in 4 rounds
- Latest Funding Round$574.45K (USD), Seed
Mar 2024
- InvestorsVT Capital
& 34 more
- Employee Count1,006
Associated legal entities of Vector Finance
Vector Finance operates through Vector Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vector Finance Private Limited CIN U67190OR2018PTC029912 | Active | 21 Nov 2018 | Bhubaneswar, Odisha | ₹50.2 Cr | 1,006 | 6 | View details |
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.
- Total Funding $2.08M
- Total Rounds 4
- Last Round Seed — $574,450
- First Round $362,586
(Nov 2020)
- Investors Count 35
All 4 funding rounds of Vector Finance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $574,450 | Seed | $28.48M | Rajesh Singhal | |
| Oct 2021 | $1.11M | Seed | $18.66M | VT Capital | – |
| May 2021 | $37,513 | Angel Round | $••••• | Amruta Girish Joshi | |
| Nov 2020 | $362,586 | Seed | $••••• | VT Capital |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $28.48M | •••••••• |
| Oct 2021 | $18.66M | •••••••• |
| May 2021 | $••••• | •••••••• |
| Nov 2020 | $••••• | •••••••• |
Full valuation and stage history of Vector Finance
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $28.48M (Mar 2024). 35 investors in total: 4 institutional and 31 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| sakshimerchants.tcc.mode | ||||
Offers packing, moving, and relocation services for households and businesses. | durgatransportcorporation.com | |||
A proprietary trading firm is operated in financial markets. | 2011 | vtcapital.in | Kolkata, India | |
| shakomato.com | ||||
RB Renu Balyan | unknown_a304cea680294436a | |||
SJ Sagar Jagdish Daryani | unknown_504245c35e41403d9 | |||
MC Mattew Cherian | unknown_cf1dbc5d745648d4b | |||
AG Amruta Girish Joshi | unknown_a157c4638c414acf9 | |||
UJ Umesh Jain | unknown_913d19614a004d728 | |||
AS Arjun Soota | unknown_3caf8a4fa30542bdb |
Investor details for Vector Finance
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Board of directors of Vector Finance Private Limited (Vector Finance)
Vector Finance Private Limited is the primary company behind Vector Finance. The board of Vector Finance Private Limited currently have 6 directors; the longest-serving is Prasanta Kumar Sahu, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prasanta Kumar Sahu DIN 08249169 | Whole-time director | 21 Nov 2018 | 7 yrs 11 mo | Vector Finance Private Limited |
| Rahul Johri DIN 08249809 | Whole-time director | 21 Nov 2018 | 7 yrs 11 mo | Vector Finance Private Limited |
| Ruchira Parshad DIN 00209656 | Director | 30 Sep 2019 | 7 yrs | Vector Finance Private Limited |
| Dhiraj Bhutoria DIN 05335218 | Director | 07 Jan 2022 | 4 yrs 9 mo | Vector Finance Private Limited |
| Priyanka Sarda DIN 03415573 | Company Secretary | 27 Sep 2024 | 2 yrs | Vector Finance Private Limited |
| Anindya Paul Chaudhuri DIN 09744323 | Director | 01 Oct 2024 | 2 yrs | Vector Finance Private Limited |
Financials of Vector Finance
Figures of Vector Finance Private Limited, the primary company behind Vector Finance, for FY 2024. Revenue was ₹50.24 Cr (+18% year on year). Net profit was ₹4.23 Cr (8% margin). EBITDA was ₹10.86 Cr (22% margin). Revenue has grown at a compounded annual rate of +69% over three years and +185% over five years.
- ₹50.24 CrRevenue · FY 2024 · +18% YoY
- ₹4.23 CrNet profit · 8% margin
- ₹10.86 CrEBITDA · 22% margin
- ₹16.96 CrPaid-up capital
- 1,006Employees (provident fund records)
- +69%Revenue CAGR, 3 years
- +185%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vector Finance Private Limited are on its company page.
Detailed financial statements for Vector Finance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Vector Finance
4 dated milestones of Vector Finance across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Vector Finance is founded.
- Funding First funding round of $363K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $574K.
Competitors of Vector Finance
Vector Finance has 3 listed competitors in our database, 3 of them funded. They include ESAF, Satin Creditcare and Fincare Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| esafbank.com | 1992 | Thrissur, India | $101.74M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| satincreditcare.com | 1990 | Delhi, India | $40M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank |
Detailed competitors of Vector Finance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in Microfinance
3 companies that operate in the same segment as Vector Finance (Microfinance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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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. The company's 1st funding round was a Seed of $362.59K, raised on Nov 2020.
Vector Finance has 1,006 employees.
The primary company behind Vector Finance, Vector Finance Private Limited, reported revenue of ₹50.24 Cr for FY 2024, up 18% year on year.
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 Fincare Small Finance Bank.
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.
Vector Finance operates through Vector Finance Private Limited.
The legal entities of Vector Finance currently have 6 directors, including Prasanta Kumar Sahu, Rahul Johri, Ruchira Parshad and others.