Neogrowth
NeoGrowth Credit Pvt. Ltd. is an RBI-registered NBFC that provides short-term digital loans to Micro, Small and Medium Enterprises across India, using digital payments data for underwriting and serving borrowers in 25+ cities.
- Company typePrivate
- Founded2011
- HeadquartersMumbai, India
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Neogrowth does
NeoGrowth Credit Pvt. Ltd. is an RBI-registered, non-deposit-taking Non-Banking Finance Company headquartered in Mumbai that extends short-term working capital and business expansion loans to Micro, Small and Medium Enterprises (MSMEs) across India. Founded in 2011, the company operates a digital-first lending model in which loan eligibility, underwriting, and disbursement are driven by the borrower's digital payments history rather than traditional collateral or audited financial statements, addressing the documented credit access gap faced by underserved small businesses in the Indian market.
The company's core product is its Digital MSME Loan portfolio, supplemented by the NeoShakti Skilling Programme — a social-impact initiative delivered with Times Employ India Foundation that trains women for Business Correspondent Business Facilitator and Retail Sales roles under NSDC standards. NeoGrowth distributes loans directly through its own digital platform with no intermediary channel, currently serving borrowers across 25+ Indian cities and 85 sectors. The firm has cumulatively disbursed approximately $1 billion in loans since inception and reported Rs 650 crore disbursed specifically to women-led MSMEs in FY2024.
NeoGrowth generates revenue primarily through interest income on its loan book, operating under an NBFC transaction-fee model in which interest rates are quote-based and determined by individual borrower credit assessment. The business is funded through a mix of equity — most recently a INR 300 crore (~USD 36.2 million) Series D round in December 2022 led by Dutch development bank FMO — and a series of development-finance debt facilities from FMO, DFC, MicroVest, Symbiotics Group, and UTI International. As of FY2026 (year ended March 2026), the company reported annual sales of INR 589.85 crore, a 21.25% year-over-year decline, and a net loss of Rs 72.34 crore compared to a Rs 9.02 crore net profit in FY2025.
Neogrowth firmographics
Firmographics- Name
- Neogrowth
- Legal name
- Neogrowth Credit Pvt. Ltd.
- Website
- https://neogrowth.in
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- NeoGrowth Credit Pvt. Ltd. is an RBI-registered NBFC that provides short-term digital loans to Micro, Small and Medium Enterprises across India, using digital payments data for underwriting and serving borrowers in 25+ cities.
- Ownership category
- akta.pro rank
Neogrowth industry classification
Industry- Product category
- MSME Digital Lending
- NAICS
- Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)
- akta.pro secondary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
Keywords
Where Neogrowth is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Neogrowth business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- MSME Lending: NeoGrowth generates revenue through interest income on loans disbursed to MSMEs and small businesses. As an RBI-registered NBFC, the company extends credit to underserved SME segments through digital loan products.
Distribution channels1 record
Marketing channels3 records
Neogrowth product offering
Product offeringCore offering
NeoGrowth is an RBI-registered Non-Banking Finance Company (NBFC) that provides short-term digital loans to Micro, Small and Medium Enterprises (MSMEs) in India. The company uses digital payments data (such as card and point-of-sale transaction flows) to underwrite credit and disburse loans to underserved small businesses, with a dedicated focus on women entrepreneurs through programs such as NeoShakti. Loan applications are accepted online via its website (neogrowth.in) and at the point of sale.
Product overview
NeoGrowth is an RBI-registered Non-Banking Finance Company (NBFC) offering digital lending solutions for MSMEs in India. The company provides digital MSME loans as its core product, utilizing digital payments-based lending to support small businesses and women entrepreneurs. Additionally, the company runs the NeoShakti Skilling Programme, a social impact initiative that trains women in Business Correspondent Business Facilitator and Retail Sales roles, achieving high certification and placement rates. NeoGrowth has disbursed approximately $1 billion in loans since inception across India's growing MSME sector.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- ~$1 billion in loans disbursed since inception
- +3 more outcomes
Companies that use Neogrowth
Customer profileSegments3 records
Ideal customer profiles2 records
Neogrowth technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Neogrowth partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Times Employ India FoundationcorePartnership for the NeoShakti Skilling Programme, training women in Business Correspondent Business Facilitator and Retail Sales roles. The programme achieved 100% certification rate under NSDC standards with 80% placement conversion.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Neogrowth competitors and assessment
Company assessmentDirect peers
- Aye Finance: Aye Finance is an Indian NBFC focused on small-business and micro-enterprise lending to underserved segments, sharing with NeoGrowth an NBFC structure, MSME focus, and emphasis on financial inclusion.
- Kinara Capital: Kinara Capital is an Indian NBFC delivering collateral-free, digital MSME loans to small businesses including women-led enterprises, positioning it as a direct comparable in segment, customer and product design.
- Indifi Technologies: Indifi operates a digital lending platform for Indian SMBs and MSMEs, using cash-flow and digital footprint data to underwrite small-ticket working-capital loans that overlap directly with NeoGrowth's offerings.
- Lendingkart Finance: Lendingkart is an Indian fintech NBFC that provides working-capital and term loans to MSMEs using digital and alternative-data underwriting, making it the closest direct comparable to NeoGrowth's payments-data-led MSME lending model in India.
- Flexiloans: Flexiloans is an Indian digital lending marketplace/NBFC providing unsecured business loans to MSMEs via an online application flow, competing head-on with NeoGrowth for the same digital-first MSME borrower.
- Oxyzo (formerly Capital Float): Oxyzo is an RBI-registered NBFC providing digital term loans and revolving credit to Indian SMBs and enterprises through tech-enabled underwriting, closely mirroring NeoGrowth's digital MSME lending proposition.
Broad incumbents
- IIFL Finance: IIFL Finance is a large, diversified Indian NBFC offering MSME/SME loans, gold loans and digital credit products; it is also one of NeoGrowth's early backers, making it both an incumbent competitor and strategic investor.
- Bajaj Finance: Bajaj Finance is India's largest retail-focused NBFC with a broad SME and merchant lending franchise, competing with NeoGrowth in the digital MSME and merchant-credit segment at far greater scale.
Emerging players
- M1xchange (Mynd Solutions): M1xchange operates an RBI-licensed TReDS invoice-discounting platform for MSMEs, addressing working-capital needs through a digital receivables financing mechanism that competes with NeoGrowth for the same short-term MSME funding wallet.
- MoneyTap: MoneyTap is an Indian digital lending platform that extends small-ticket personal and business credit lines via a mobile app, an emerging player whose app-led small-business credit overlaps with NeoGrowth's digital MSME focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Neogrowth social profiles
Digital presenceNeogrowth compliance and trust
Trust signalCompliance1 record
Neogrowth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neogrowth leadership team
Management profileNumber of profiles
Profiles5 records
Neogrowth funding detail
Funding detailFunding overview
Funding rounds12 records
Investors17 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neogrowth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neogrowth
What does Neogrowth do?
NeoGrowth is an RBI-registered Non-Banking Finance Company (NBFC) that provides short-term digital loans to Micro, Small and Medium Enterprises (MSMEs) in India. The company uses digital payments data (such as card and point-of-sale transaction flows) to underwrite credit and disburse loans to underserved small businesses, with a dedicated focus on women entrepreneurs through programs such as NeoShakti. Loan applications are accepted online via its website (neogrowth.in) and at the point of sale.
Is Neogrowth a public or private company?
Neogrowth is a private company. It is classified as venture growth investor backed and is currently operating.
When was Neogrowth founded?
Neogrowth was founded in 2011. It employs 501 to 1,000 people.
Where is Neogrowth based?
Neogrowth is headquartered in Mumbai, India, in the Asia region.
How does Neogrowth make money?
One revenue line is on record: MSME Lending.
Who are Neogrowth's main competitors?
Direct peers on record are Aye Finance, Kinara Capital, Indifi Technologies, Lendingkart Finance, Flexiloans and Oxyzo (formerly Capital Float). Broad incumbents are IIFL Finance and Bajaj Finance. Emerging players are M1xchange (Mynd Solutions) and MoneyTap.
Does Neogrowth have an API?
No public API is recorded for Neogrowth.
What industry is Neogrowth in?
Neogrowth's product category is MSME Digital Lending. Its primary akta.pro industry code is FSAKAGAD, Merchant Cash Advance (MCA) & Revenue-Based Financing, with a secondary code of FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its NAICS code is 52222 and its SIC code is 6153.