NeoGrowth
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NeoGrowth

http://www.neogrowth.in/
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.
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Website visits
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Mentions
196
Persons
4
Location: India, Maharashtra, Mumbai
Employees: 201-500
Total raised: $1.41B
Founded date: 2012

Investors 4

Funding Rounds 8

DateSeriesAmountInvestors
05.08.2023Seed$105M-
20.12.2022Series G$405M-
16.12.2022Series D$36.3M-
01.11.2022Pre-Seed$20M-
29.08.2022Seed$2M-
09.09.2021Pre-Seed$3.8M-
24.01.2018-$47.18M-
05.07.2016-$35M-

Persons 4

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

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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 in...tech.eu/20...
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...
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