FIRST TIME BORROWERS
Digital financial lender NeoGrowth is pioneering a new way of lending to small and medium business owners in India. Its revolutionary approach is based on analysing and underwriting 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.
NeoGrowth is expanding financial inclusion in India, where a large proportion of small and medium enterprises without the documentation required by banks are excluded from taking out loans. A lack of access to finance is one of the biggest constraints to growth for these businesses, and financial prosperity for their employees.
Digital Financial Services
The LeapFrog Difference
LeapFrog invested in NeoGrowth in 2018, enabling this innovative company to capitalise on its market-leading technology and significantly expand its lending to small business owners. Our investment has led to the introduction of new products and enabled the company to move into new regions and deepen its footprint in existing locations.
In joining our portfolio of leading emerging market digital financial services companies, NeoGrowth has been able to leverage our significant expertise in helping pioneering fintech businesses reach new heights.
NeoGrowth is one of many financial services companies we have invested in. Learn more about the other innovative and impactful businesses LeapFrog has partnered with.