NeoGrowth’s 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.

The company 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.

50% of India’s creditworthy SMEs do not receive loans because of outdated underwriting methods. This is the 50% NeoGrowth serves. So far, the company has disbursed over US$880 million in loans¹.

NeoGrowth is committed to inclusion, and has been working to improve access to capital for small businesses since 2013. The company assesses creditworthiness by analysing fundamental business numbers and ignoring factors such as socio-economic status, gender, level of education and other discriminators.

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.