NeoGrowth Credit

  • FOUNDING YEAR: 2011
    LOCATION:
    India
    Last Update: a n2J4,1 170
  • NeoGrowth is a technology-enabled lending business that provides unsecured loans to small retailers in major Indian cities including Mumbai, Delhi, and Bangalore. Borrowers have to option to repay by future card receivables, e-commerce sales, and other non-cash payments. It combines new payment datasets, traditional scoring, dynamic repayment & automated collections to identify and serve the credit-worthy merchants. Merchants are not required to pay fixed monthly installments, 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.
They have figured out a unique model and engine to be able to understand and lend to SMEs There are about 11-12 million SMEs in the country, of which 15% accept electronic transactions, and this number is growing rapidly.
Author: Ganesh Rengaswamy, managing director, Frontier Investments Group
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FOCUS

PRODUCTS & SERVICES:
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REVENUE MODEL:
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MAIN CLIENTS:
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EXISTING PARTNERSHIPS:
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COMMENT
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PEOPLE

FOUNDERS:
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Board Members and Advisors:
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NUMBER OF EMPLOYEES:
52
INVESTORS:
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TRACTION

VALUATION / MARKET CAP:
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ACTIVE USERS COMMENT:
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MOMENTUM

FUNDED:
ESY
TOTAL FUNDING:
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DATE OF LAST FUNDING:
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SEED PRIOR FUNDING COMMENT:
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FUNDING SERIES:
SERIES A
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SERIES B
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SERIES C
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LISTED:
NO

NEOGROWTH CREDIT VALUE CHAIN - INTERACTIVE SECTOR MAPPING

TWEETS

  • NeoGrowth wishes you a happy 2017! #happy #new #year https://t.co/KaJDCG3L8A https://t.co/q7ZFF4oAr5
  • Dear business, now i understand you! Read our new blog: https://t.co/rwDm5jrpax #neogrowth #dear #business
  • Email us on digital@neogrowth.in Or reach us through our website: https://t.co/hxXgesq1Fq #cardswipe #swipe… https://t.co/RsNIiQp2Qe
  • If you use a POS machine or you accept credit/debit card as payment mode then we can fund you! #cashless #digital… https://t.co/V4s54V1JQO
  • Read our new article: No #idea is bad, they all are #dots which connect your #business #journey #path… https://t.co/KPhYyAXDr5
  • No one #understands your #business #better than you! Read our new article: https://t.co/wmyObktG1Z https://t.co/1cBP2wEC3h
  • RT @OmidyarNetwork: @NeoGrowth_Loans How #finserv can cater to small, inconsistent incomes—and narrow the gender gap: https://t.co/2jdfGnKR…
  • View how NeoGrowth helps sport retail store - "SportXS" to grow their business! https://t.co/VL1bNPkWuT
  • Watch how NeoGrowth business loans helped PurnaBramha with working capital to expand into more franchises https://t.co/ePsdRUSlcp
  • RT @opicgov: OPIC, @rblbank and @NeoGrowth_Loans announce commitment to provide loans for retail small businesses across India https://t.…

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