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.
Viewable by subscribers only
Over 2000 Small & medium businesses all across India
Flipkart, 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