NeoGrowth
Sector
SME Finance
Type
Direct Lending
Geography
South Asia
Amount
$500,000
Year
2016
NeoGrowth is a digitally-enabled lender serving merchants in India. The company underwrites based on digital payments data generated from daily sales, making it possible for merchants who are unable to secure loans from traditional banks to access a loan, which is paid back via small, automated repayments taken daily.