NeoGrowth Credit Pvt Ltd. is a fast growing Non–Banking Finance Company registered with the Reserve Bank of India and is a member of CIBIL. NeoCash, the Smart Merchant Advance offered by NeoGrowth, is the first of its kind business finance option for Retailers, F&B outlets, Healthcare and Beauty providers amongst a host of other categories, with unique features. NeoCash is tailor made for merchants accepting card payments, as it has no fixed EMI and allows Automatic Repayment. The product requires Minimum Documentation, and comes with Doorstep Fulfilment Service.
NeoGrowth has been set up by DK & PK Khaitan in 2011, and Omidyar Networks, a Silicon Valley VC fund, and Aspada, banked by Soros Economic Development Fund, have invested within the company. Having piloted the product in 2012-13, NeoGrowth has launched commercial operations in Mumbai, Bengaluru & Delhi, and plans to expand to other markets in India shortly. NeoGrowth has built AdvanceSuite©, the most sophisticated Business Advance platform in the world, which enables seamless enterprise wide workflow integration, automated tracking, robust risk management, reporting and business intelligence capabilities.