Neogrowth is a digital lending platform that provides loans to micro, small, and medium enterprises. It offers a range of secured and unsecured credit products, for different sizes of businesses who do not have access to traditional bank credit.
ONI Impact Thesis
By providing collateral free loans based on digital payment records, instead of financial statements and tax returns, Neogrowth helps creditworthy but highly underserved small businesses access affordable capital and improve their credit bureau score. Neogrowth’s pioneering merchant cash advance product offers flexible repayment options (vs. EMIs) to merchants linked to their business volatility, which often becomes the main reason for not qualifying for bank loans.
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