Vector Finance
Vector Finance is an RBI-registered NBFC-microfinance institution headquartered in Bhubaneswar, India, providing short-term group loans to women micro-entrepreneurs across 7 states through 179 branches and the Vector Blink digital lending app, targeting 2 million families by 2026.
- Company typePrivate
- Founded2018
- HeadquartersBhubaneswar, India
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What Vector Finance does
Vector Finance Private Limited is an RBI-registered Non-Banking Finance Company - Microfinance Institution (NBFC-MFI) headquartered in Bhubaneswar, Odisha, India. The company provides short-term group loans to women micro-entrepreneurs in underserved semi-urban and rural geographies, with a stated ambition to empower 2 million families by 2026. Its operating footprint covers 179 branches across 7 Indian states - Odisha, West Bengal, Assam, Chhattisgarh, Madhya Pradesh, Bihar and Jharkhand - supported by approximately 630 employees and a doorstep service and group meeting centre model. The company is a member of Sa-Dhan, the industry Self-Regulatory Organisation for Microfinance Institutions, and holds MFI Grading and Code of Conduct Assessment certifications.
The core product is the Vector Finance microfinance loan offering, priced at a minimum 27% interest rate per annum on income-generation loans with a 1%-1.5% processing fee, with an overall APR range of 10%-36% disclosed through a Key Fact Statement (KFS). A second product line, the Vector Blink App, operates as a digital lending application under RBI's Digital Lending Directions, 2025, enabling mobile-based loan application, KYC, KFS disclosure, disbursement to borrower bank accounts and cooling-off period handling. Revenue is generated primarily through interest on direct loans, supplemented by fee income from acting as a business correspondent to partner financial institutions (Avanti Finance, AU Bank).
The go-to-market combines a sales-led branch model with a growing product-led digital channel, and is augmented by institutional partnerships - notably a Technical Assistance engagement supported by the Asian Development Bank and BASIX Consulting aimed at operational strengthening and potential qualification for ADB's Microfinance Risk Participation and Guarantee Program. The company targets a granular retail base of women borrowers with micro-ticket loans, charges monthly instalments through group centres, and discloses transparent pricing and grievance redressal mechanisms. Revenue and AUM are not publicly disclosed.
Vector Finance firmographics
Firmographics- Name
- Vector Finance
- Legal name
- Vector Finance Private Limited
- Website
- https://vectorfinance.in
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Vector Finance is an RBI-registered NBFC-microfinance institution headquartered in Bhubaneswar, India, providing short-term group loans to women micro-entrepreneurs across 7 states through 179 branches and the Vector Blink digital lending app, targeting 2 million families by 2026.
- Ownership category
- akta.pro rank
Vector Finance industry classification
Industry- Product category
- Microfinance
- NAICS
- Sales Financing (52222)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)
Keywords
Where Vector Finance is headquartered
LocationHeadquarters
- HQ city
- Bhubaneswar
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Vector Finance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income on Microfinance Loans: Vector Finance provides short-term group loans to women micro-entrepreneurs in underserved semi-urban and rural areas. Revenue is generated through interest charged on loans. The company is an NBFC registered with RBI and a member of Sa-Dhan Self-Regulatory Organisation for Microfinance Institutions.
- Business Correspondent Services: Vector Finance works as a business correspondent to other financial institutions, providing loan sourcing, servicing, and collection services. This generates fee income from partner institutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | APR Range: 10% - 36% per annum |
| Unit Pricing | Monthly | Microfinance Loan - Income Generated Loan at 27% minimum interest rate |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Vector Finance product offering
Product offeringCore offering
Vector Finance Private Limited is an RBI-registered Non-Banking Finance Company (NBFC) operating as a microfinance institution that provides short-term group loans to women micro-entrepreneurs in underserved semi-urban and rural areas for income generation purposes. The company also operates as a business correspondent to other financial institutions, providing loan sourcing, servicing, and collection services, and offers a digital lending platform through the Vector Blink App.
Product overview
Vector Finance operates as a dual-function financial services company: (1) as an NBFC/microfinance institution providing direct lending through its Vector Finance brand, offering microfinance group loans primarily to women entrepreneurs in underserved areas; and (2) through its Vectorblink digital lending platform/app, which serves as the technology interface for loan applications, processing, and digital lending services. Additionally, the company acts as a business correspondent to partner banks and NBFCs. The Vector Finance core lending operation and the Vectorblink digital lending app work together to serve customers across 179 branches in 7 states.
Differentiator
Problem solved
Functional benefit
Brands
- Vectorblink: Digital lending application operated by Vector Finance Private Limited for providing digital lending services under RBI's Digital Lending Directions, 2025.
Products and services
- Vector Finance Microfinance Group Loans
Quantifiable outcome
- 135,327+ customers served across 7 states with 179 branches
Companies that use Vector Finance
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Vector Finance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Vector Finance partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- BASIX ConsultingcoreTechnical partner under Asian Development Bank's Technical Assistance Project for supporting MFIs. Provides institutional strengthening activities including Corporate Governance, Consumer Protection Principles, Risk Management, and Business Continuity Planning.
- Sa-Dhan (Self-Regulatory Organisation for Microfinance Institutions)coreVector Finance is a member of Sa-Dhan, a Self-Regulatory Organisation for Microfinance Institutions in India.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Vector Finance competitors and assessment
Company assessmentDirect peers
- Fusion Microfinance: NBFC-MFI providing group microfinance loans to women in low-income segments. Direct comparable on customer profile, JLG product, and tier-2/3 city focus.
- Satin Creditcare Network: Listed Indian NBFC-MFI offering microfinance and small business loans to women in underserved areas. Comparable on group lending model, customer profile, and multi-state footprint.
- Asirvad Micro Finance: NBFC-MFI providing joint liability group loans to underserved women borrowers across India. Subsidiary of Manappuram Finance; comparable on product, customer segment, and branch-led distribution.
- CreditAccess Grameen: One of India's largest NBFC-MFIs with a similar group-lending model targeting women micro-entrepreneurs in rural and semi-urban areas. Directly comparable on customer profile, product (JLG loans), and operating geography overlap.
- Svatantra Microfin: NBFC-MFI focused on rural women micro-entrepreneurs with a similar group lending model. Comparable on customer profile, geographic focus on underserved states, and door-step service delivery.
- Muthoot Microfin: NBFC-MFI subsidiary of Muthoot Pappachan Group providing JLG loans to women micro-entrepreneurs in rural/semi-urban India. Comparable on product, customer segment, and branch-led distribution.
- Spandana Sphoorty Financial: Listed Indian NBFC-MFI focused on group lending to women micro-entrepreneurs in rural India. Directly comparable on underwriting model, customer segment, and regulatory positioning.
- ASA International India Microfinance: NBFC-MFI subsidiary of Netherlands-listed ASA International, providing micro-credit to under-served women entrepreneurs in India. Comparable on product, customer, and operating geographies (Vector's Head of IT was formerly CTO here).
Others
- Avanti Finance: Listed as a "lender partner" for Vector Finance's BC operations, providing credit facilities that Vector sources and services. Ecosystem partner representing the institutional funding side of Vector's BC model.
Broad incumbents
- Bandhan Bank: Universal bank that originated as India's largest MFI before converting; Vector's Chairman and CBO both previously held senior roles at Bandhan. Comparable on microfinance heritage, customer segment, and geographic footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Customer concentration
Vector Finance compliance and trust
Trust signalCompliance11 records
Vector Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vector Finance leadership team
Management profileNumber of profiles
Profiles13 records
Vector Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vector Finance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vector Finance
What does Vector Finance do?
Vector Finance Private Limited is an RBI-registered Non-Banking Finance Company (NBFC) operating as a microfinance institution that provides short-term group loans to women micro-entrepreneurs in underserved semi-urban and rural areas for income generation purposes. The company also operates as a business correspondent to other financial institutions, providing loan sourcing, servicing, and collection services, and offers a digital lending platform through the Vector Blink App.
Is Vector Finance a public or private company?
Vector Finance is a private company. It is classified as unknown and is currently operating.
When was Vector Finance founded?
Vector Finance was founded in 2018. It employs 501 to 1,000 people.
Where is Vector Finance based?
Vector Finance is headquartered in Bhubaneswar, India, in the Asia region.
How does Vector Finance make money?
Two revenue lines are on record. Interest Income on Microfinance Loans are the primary driver. The others are business Correspondent Services.
Who are Vector Finance's main competitors?
Direct peers on record are Fusion Microfinance, Satin Creditcare Network, Asirvad Micro Finance, CreditAccess Grameen, Svatantra Microfin, Muthoot Microfin, Spandana Sphoorty Financial and ASA International India Microfinance. Avanti Finance is listed as an others. Bandhan Bank is listed as a broad incumbent.
Does Vector Finance have an API?
No public API is recorded for Vector Finance.
What industry is Vector Finance in?
Vector Finance's product category is Microfinance. Its primary akta.pro industry code is FSAKAGAD, Merchant Cash Advance (MCA) & Revenue-Based Financing. Its NAICS code is 52222 and its SIC code is 6159.