Small businesses are the backbone of the nation. We are their backbone.
50% of India’s creditworthy SMEs do not receive loans because of outdated underwriting methods.
This is the 50% we serve. We’ve served them by disbursing over $650 million in loans so far.
Inclusion is something we take very seriously, and we’ve been practicing what we preach since 2013.We assess creditworthiness by analysing fundamental business numbers that speak for themselves. Socio-economic status, gender, level of education and other discriminators just don’t matter.
This vision led to NeoGrowth being the founding member of the Digital Lender’s Association of India, an ecosystem for revolutionaries in the Indian Fintech space.
Everyone deserves a chance to grow, and we’ll give you the freedom to grow your way.
Each business we partner with becomes part of the NeoGrowth family, and our constantly growing family currently includes 13,000 businesses and 700 employees to serve them relentlessly. We’ve taken our flexible, new-age philosophy to 21 Indian cities so far, and are looking to grow pan India: just like the businesses we partner with, we believe there’s no limit to our growth. You can locate our branches here.
New-age philosophy, new-age technology
We don’t just want to make loans hassle-free. With the right combination of product offerings and user experience, we believe we can make it enjoyable as well. Cutting-edge analytics, our in-house app for customers and real-time interactions allows us to constantly grow.
The seed for NeoGrowth’s journey was planted by…
Our promoters Dhruv Khaitan and P.K. Khaitan, as well as a team of renowned investors who believed in our mission: Omidyar Network, Aspada Investment Company, Khosla Impact, Accion Frontier Inclusion Fund – Quona Capital, IIFL Seed Ventures Fund and Leapfrog Investments.
NeoGrowth’s relentless customer focus can be credited to the entrepreneurial genes that the Khaitan brothers share. Together, they founded and managed Venture Infotek.
Venture Infotek was a pioneer and leader in the Indian e-payments industry and managed merchant transactions for acquiring banks as well as credit card issuers and large loyalty programs.
They divested the company to a large European IT Services company in 2010. By then, Venture Infotek was the market leader in e-payments processing with a 40% share of all India card volume.
The legal assurance to know you’re in good hands
We are an NBFC registered with the RBI and started commercial operations in 2013.
NeoGrowth has a valid Certificate of Registration last updated on September 12, 2014, issued by the Reserve Bank of India under section 45-I A of the Reserve Bank of India Act, 1934.
However the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinion expressed by the company and for repayment of deposits / discharge of liabilities by the company.