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NEOGROWTH CREDIT
NeoGrowth evaluates strategic deal as business becomes profitableThe Mumbai-based NBFC has reported a net profit in the last fiscal after two years of losses, now its stakeholders are evaluating if they c...- Over Rs 400 crore of loans availed by women-run MSMEs In FY 2023: NeoGrowth Impact ReportReleased annually, the 9th edition of the NeoGrowth Impact Report showcases the transformative influence of the company’s loans on the live...
- Women-run MSMEs avail over Rs 400 cr of loans in FY23: ReportWomen-run micro, small and medium enterprises (MSME) have availed loans worth Rs 430 crore, accounting for 24 per cent of the overall loans...
- 70% MSMEs believe UPI will be the driver of retail salesCustomers nowadays give preference to on-the-go purchases via digital payment methods.
- ETtech Deals Digest | Uptick in early-stage investingHere are all the startups that got funded this week.
- Credit demand from women-led MSMEs doubled during festive season, survey showsAccording to a NeoGrowth survey, the two-fold rise in credit requirements of women-led small businesses is driven by strong consumer demand...
- NeoGrowth raises $20 million via ECBs from DFCUS International Development Finance Corporation (DFC) is America’s development finance institution. DFC partners with the private sector t...
- NeoGrowth gears up for festive season, launches loan carnival for SMEsTo help businesses become future ready, NeoGrowth also offers diGibizz, which enables small businesses to evaluate their digital readiness ...
- NeoGrowth set to disburse loans within 24 hours to retailers with instant approvalThe company claims that the loan applications will be approved instantly without the need for any bank statement, any industry-first featur...
- SME lender NeoGrowth Credit launches digital initiatives for small borrowersThe platform was conceptualised based on a research done during the pandemic that small businesses need to digitise their offerings to meet...
- NeoGrowth Credit launches Vendor Finance Express for SMEsThe product is document light with no demand for invoices as part of documentation hence, making the application process hassle free for th...
- Only a tenth of small businesses who availed credit in FY20 led by women: ReportThe report said that over half of the survey respondents were first time borrowers and added that a lack of credit history or credit scores...
- NeoGrowth Credit hits Rs 1,000-crore of AUMIn a press release the company said that its approach of using digital payments helps merchants to plan their cash flows better and also bo...
- NeoGrowth bags Rs 300 croreExisting investors in the company, Aspada Investment Company and Quona Capital, also participated in the fundraising, through Accion Fronti...
- NeoGrowth gets Rs 108 crore funding from IIFL Wealth Management’s Seed Venture FundThe development comes as investor interest in non-banking finance companies (NBFCs) has increased, especially those lending to small mercha...
- IFMR Investments launches long term multi asset fund of Rs 250 croreIFMR Investments has launched a debt fund of Rs.250 crore dedicated to provide working capital for financial inclusion enterprises in India.
- IFMR Capital launches Rs 250 crore debt fundIFMR Investments, a wholly owned subsidiary of IFMR Capital, today announced the launch of a Rs 250 crore fund.
- Neogrowth Credit gets Rs 15 crore in round 3 fundingNeoGrowth Credit, a Mumbai-based financial technology company, has raised RS 15 crore from Frontier Investments Group.
- Khosla Impact invests undisclosed amount in NeoGrowth"We entered the online lending space recently. We plan to commit significant investment to building this aspect of our business,"
- Risk capital firms now backing small business lenders in hope to recreate successFinance companies that provide loans to small businesses are grabbing the attention of risk capital investors.
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