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NeoGrowth Credit Pvt. Ltd., with its PAN India presence is a pioneer in SME digital lending in India. We have helped many traditional businesses grow by providing them Unsecured Business Loans; thus, creating a strong Social Impact. Most of the SMEs in India, though credit-worthy, are denied finance based on traditional underwriting methods. It is this gap that we aim to bridge at NeoGrowth to nurture their entrepreneurial aspirations. We provide hassle-free business loans upto INR 75 lakhs. Our POS based tech-n-touch lending and daily repayment model, along with our customer-centric business philosophy are the key attributes which have helped us emerge as market leaders in the SME digital lending space. We cater to:Businesses using EDC/POS card swipe machineOnline SellersProfessional DoctorsOur Offering:NeoCash: POS based short-term unsecured loans with flexible repyamentd.NeoPaylater: Specially designed to give Customers of B2B sellers, an easy & interest-free option to buy on credit while the seller gets paid straight away.Loan for DoctorsNo POS LoansTo know more: Visit www.neogrowth.in Give a missed call on 9222272881 Email at email@example.com
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.
PRODUCTS & SERVICES
Short term business loans & working capital loans against debit/credit card and pos terminal sales data.
They charge interest rates between 18-24% for their loans.
Over 2000 Small & medium businesses all across India
Snapdeal - To increase their client base
They offer flexible repayment tenure, with no obligation of a fixed EMI which reduces the financial burden of the SMEs
ACTIVE USERS COMMENT:
Approx. 2000 active merchants
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
B. Ravi Kumar(CFO); Sanjoy Shome(COO); Raju Shetty(CTO)
DATE OF LAST FUNDING
SERIES C · $7 M · Aug 2015
OTHERS · $47.18 M · Jan 2018
Venture fund: $36.6 M (July 2016)
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