Tags:B2BBankBusinessDataE-commerceFinanceFinTechFutureGroceryInformationITLoanMarketMarketplaceOnlinePaymentPhysicalProductRestaurantRetailSalesServiceShopSocialSpaceTechnologyWebsite
NeoGrowth Business loans are specially created for : i) Merchants/shops having a POS machine ii) Online/e-commerce Sellers iii)Distributors NeoGrowth is a technology-enabled lending business that provides unsecured loans to small retailers in all major Indian Cities including Mumbai, Delhi and Bangalore, repaid by future card receivables, e-commerce sales and other non-cash payments. More than half of the loans made by NeoGrowth are less than INR 1 Mn each and greater than 80% of loans have been given to Proprietorship and Partnership firms. NeoGrowth combines new payment datasets, traditional scoring, dynamic repayment & automated collections to identify and serve these credit-worthy merchants. Merchants are not required to pay fixed monthly instalments, but instead make automatic repayments as a portion of their sales made with electronic card payments at the Point of Sale (card settlement). The company also offers NeoCash Online, designed exclusively for online sellers on e-commerce marketplaces and retailers selling online through independent portals.
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Location: India, Maharashtra, Mumbai
Member count: 501-1000
Total raised: $84.178787M
Founded date: 2012

Investors 2

Funding Rounds 3

DateSeriesAmountInvestorsDeal News
24.01.2018-$47.178787...-finsmes.co...
05.07.2016-$35M-finsmes.co...
--$2M-inc42.com/...

Mentions in press and media 28

DateTitleDescriptionCategoryAuthorSource
25.05.2022Fintech St...The funding round was led by A...--inc42.com/...
18.05.2022Indian-bas...BharatX, a fintech firm based ...--vcbay.news...
12.05.2022Fintech St...BharatX, a fintech startup, ha...--thestartup...
12.05.2022Egypt-base...Paymob, an Egyptian fintech th...--vcbay.news...
11.05.2022Fintech st...Fintech startup Assetplus rais...-Livemintlivemint.c...
10.05.2022Fintech St...Multipl, a fintech startup, ha...--thestartup...
10.05.2022Fintech st...ETtech Mumbai: FIntech firm M...--economicti...
28.07.2021Fintech st...NextPay, a digital financial s...--backendnew...
05.01.2021FMO invest...Premium Dutch development ban...-Pramugdha ...dealstreet...
05.01.2021FMO invest...Premium Dutch development ban...-Pramugdha ...dealstreet...
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