White Wizard Technologies Private Limited

About White Wizard Technologies Private Limited

Velocity, through its Lender partners, facilitates revenues based financing to companies against a fixed fees of 5-8%. Unlike traditional options (VC and Banks) the capital is offered without any equity, collaterals or personal guarantees. The repayments are made as a percentage of future revenues. The company can access anywhere between INR 10 lakhs to INR 2 crore depending upon the requirements and performance of the company. For example, lets say Company A raises Rs 40 Lakhs through Velocity at a 6% fixed fee and 10% revenue share. In this case, Velocity shall facilitate a payment of Rs. 40 Lakhs for the company. Company would keep sharing 10% of its future revenue with Velocity until it pays back a total Rs 42.4 lakhs.