Last activity: 06.12.2023
Categories: LoanGroceryOnlineSalesBusinessDataE-commerceFinTechFoodTechPhysical
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.
Website visits
9.2K /mo.
Location: India, Maharashtra, Mumbai
Employees: 201-500
Total raised: $1.41B
Founded date: 2012

Investors 4

Funding Rounds 8

20.12.2022Series G$405M-
16.12.2022Series D$36.3M-

Persons 4

DateFirst NameLast NameTitleLinkedInLocation
-Harshavard...ReddyRegional C...linkedin.c...-
-TanushriYewaleSenior Man...linkedin.c...-
-YogeshNakhwaVP Operati...linkedin.c...-
-LALITKUMAR PAND...Associate ...linkedin.c...-

Mentions in press and media 196

06.12.20234 Key Factors That Led Fintech Startup ZestMoney To Shut Dow...-entreprene...
05.12.2023Dairy Fintech Startup DGV Secures $6 Mn Funding In A Round L...-entreprene...
05.12.2023Dairy fintech startup Digivriddhi raises $6 million in fundi...ETtechRagavan Venkatesan, founder and CEO, DGV Dairy fintech and marketplace platform Digivriddhi T...economicti...
27.11.2023Fintech startup GrowXCD Finance raises Rs 50 crore in fundin...iStock GrowXCD Finance has raised Rs 50 crore in a series A funding round from Lok Capital, of whic...economicti...
24.11.2023FinTech startup Peloton Technologies closes $2 million in
24.11.2023Indian Fintech Startup Kiwi Raises $13m in Series A FundingIndian fintech startup Kiwi has announced raising $13 million in a Series A funding round anchored b...crowdfundi...
21.11.2023Fintech startup Kiwi raises $13 million in pre-Series A led ...Co-founders of Kiwi_(L-R) Siddharth Mehta, Mohit Bedi, Anup Agrawal Credit card management fintech,...moneycontr...
09.11.2023Fintech startup Ellia AI secures $1.5M from Eleven Ventures ...AI spending in the finance sector has been notably high in recent years, second only to the tech sec...techstartu...
07.11.2023Italian fintech startup Qomodo secures €34.5M for BNPL retai...Qomodo, a Milan-based "all-in-one" payment methods aggregator, has raised €34.5 million
14.10.2023Agri fintech startup KiVi raised Rs 15 Cr Seed funding from ...Among others, Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Inn...incubees.c...
Show more

Reviews 0

Sign up to leave a review

Sign up Log In