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Small- and medium-sized businesses (SMBs) too want to cash in on the festival month, where India spends on clothes, food, and various consumer products. But for these SMBs, stocking up to meet the increased demand requires working capital. However, given the effects of economic slowdown reaching even small businesses, finding…

Cost of Borrowing – Crux of lending Cost of Borrowing is a big component that affects the overall profitability of any lender, either he passes it on to consumer or takes the hit to keep customers happy and intact. “Typically I would’ve liked to see a drop of 50-100 bps…

FINTECH Investment Financial Internet Technology India aims to become a $5 trillion economy in the next five years, as per the target set by Finance Minister Nirmala Sitharaman during her budget speech. The journey to $5 trillion is to be traversed through investments in both physical and intellectual infrastructure and…

Thought leaders across the globe suggest that the SME market is the next wave of focus for FinTechs. There is a long list of FinTech players that are focusing on payments, B2B systems, and especially, lending solutions. The unmet SME lending requirements present huge opportunities for new-age alternative lending providers…

Conducted by a leading digital lending NBFC, across five metro cities, the report draws key insights and trends pertaining to consumer behaviour, revenue sources, and financial needs, among others The food and beverages segment is thriving in India, with various new factors and trends emerging in and impacting the segment in significant…

NeoGrowth has announced the unveiling of its new brand identity. According to the company, the new design of the logo reflects the rebranding thought process in the best way possible. The letter ‘G’ in the company’s name has been designed as an upward moving arrow which signifies ‘Pride in Growth’. The company…

NeoGrowth, a journey which started with an idea of inclusive growth is now 7 years old. On the way, we have met several key milestones. As the founding member of “Digital Lenders Association of India”, NeoGrowth has pioneered the evolution of digital lending in India. NeoGrowth is present in 21 cities with…

Another startup NeoGrowth has a system in place where 85% of the loans are daily repayment products and 45% of loans have repayments from exclusive terminals which mitigates risk of default. “This model ensures a high collection efficiency of over 98%,” claimed Piyush Khaitan, Founder and managing director, NeoGrowth. And…