NeoGrowth receives an exclusive coverage in MINT - National edition under the column Click Moment'. This column in Mint has been regularly publishing the Eureka or Click Moment stories of several founders and leaders across all industries. The story under the column 'Click Moment' captured the journey of NeoGrowth narrated by Mr. Piyush Khaitan (PK), Founder & MD, NeoGrowth, portraying how it is grown to be one of the leading lending players in India with a strong focus on creating a positive social impact.
Excerpt from the article:
NeoGrowth is a technology-enabled lending business providing loans to underserved micro, small and medium enterprises (MSMEs) on the basis of their digital spends through point-of-sale machines. My brother, Dhruv Khaitan, and I founded a digital payments processing firm, Venture Infotek, in the mid-1990s. It soon became India's largest transaction processing firm and operated merchant acquiring, card processing, loyalty programmes and government benefit programmes on behalf of Indian banks and large retailers. It is during these years that we realized retailers' pain points in terms of accessing finance. More than half of these retailers, though creditworthy, were denied finance on the basis of traditional underwriting methods. That was the click moment for us. We realized that there is a huge credit gap we can bridge by leveraging our learnings in digital payments and transactions. We divested Venture Infotek in 2010 and founded NeoGrowth in 2011-12 to provide MSME retailers easy access to credit. NeoGrowth has pioneered an innovative lending model in India, which operates at the convergence of three ecosystems-lending, urban retail, and digital payments.
NeoGrowth's CEO, Mr. Arun Nayyar featured as one of the Top 100 Fintech for SDG (Sustainable Development Goals) Influencers
NeoGrowth's CEO, Mr. Arun Nayyar, featured as one of the Top 100 Fintech for SDG (Sustainable Development Goals) Influencers who are leveraging the power of fintech and blockchain technology to create a positive impact on the future. This List was presented by LATTICE80 in collaboration with FinTech Good. LATTICE80 is a global Fintech hub with more than 11,000 startups and 200,000 professionals on their database. They are committed to supporting and enabling fintech and blockchain startups that promote social impact causes by leveraging on their network of global partners.
NeoGrowth receives exclusive coverage in People Matters with a story titled 'Here's how Fintech startups in India are empowering women' authored by Mr. Piyush Khaitan (PK), Founder & MD, NeoGrowth.
Excerpt from the article:
With the financial service industry undergoing revolutionary changes in recent times, here is a severe need to unlock all innovations, creativity, and human talent to cater to massive growth opportunities.For the banking and financial services industry to reach its full potential, the pressing concern of gender imbalance within the sector needs to be duly confronted. By addressing the gender disparities to empower women, the fintech segment has begun harnessing this immense talent reserve to reach optimal financial results. In the last few years, fintech startups have made a significant impact, not just by redefining the financial services sector but also by being an active facilitator of the nation's growth. If the ecosystem continues being as supportive, fintech has the potential to substantially boost economic development as well as women empowerment in India.
Donating blood is a great way of giving back to the community and NeoGrowth did it the right way by organizing blood donation camps at several ofoffice locations. The campaign was done in association with Think Foundation and various blood banks. The motive behind this blood donation drive was to save life of people suffering from thalassemia. This campaign witnessed a great response with around 90 employees of NeoGrowth donating blood