NeoGrowth Credit Pvt. Ltd.
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NeoGrowth Credit Pvt. Ltd.

http://www.neogrowth.in/
Tags:ITLoanFoodTechGroceryFinTechBusinessDataSalesOnlineE-commerce
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: $917.662592M
Founded date: 2012

Investors 4

Funding Rounds 7

DateSeriesAmountInvestorsDeal News
20.12.2022Series G$405M--
16.12.2022Series D$36.3M-dealstreet...
01.11.2022Pre-Seed$20M--
29.08.2022Seed$2M-inc42.com/...
09.09.2021Pre-Seed$3.8M--
24.01.2018-$47.178787...-finsmes.co...
05.07.2016-$35M-finsmes.co...

Mentions in press and media 110

DateTitleDescriptionCategoryAuthorSource
28.03.2023St. Pete f...-Stories F...-bizjournal...
09.03.2023Fintech St...GrayQuest, an education-focuse...--thestartup...
09.03.2023Fintech st...Rishab Mehta, Founder, GrayQue...--economicti...
07.03.2023Pakistani ...KARACHI, Pakistan : Trukkr, a ...--channelnew...
14.02.2023Fintech St...TORONTO, ON and SAN FRANCISCO,...--accesswire...
17.01.2023NeoGrowth ...The fresh capital will support...--inc42.com/...
17.01.2023NeoGrowth ...---entreprene...
17.01.2023Fintech st...ETtech Small business-focused...--economicti...
20.12.2022South Kore...GIC-backed Viva Republica Ltd ...-Anjali Gho...dealstreet...
16.12.2022India's Ne...India’s MSME-focused digital l...-Vibhuti Sh...dealstreet...
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