White Wizard Technologies Private Limited (Velocity)

About White Wizard Technologies Private Limited (Velocity)

Velocity, through its lender partners, facilitates revenue-based financing to companies against 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, let's say company A raises Rs 40 Lakhs through Velocity at a 6% fixed fee and 10% revenue share. In this case, Velocity shall facilitate payment of Rs. 40 Lakhs for the company. The company would keep sharing 10% of its future revenue with Velocity until it pays back a total of Rs 42.4 lakhs.