Announcing NeoCash Online – Quick and Easy loans for online sellers on Flipkart and Snapdeal.

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NeoGrowth today announced it’s newest offering, NeoCash Online, designed exclusively for merchants selling online on e-commerce marketplaces and other platforms. NeoGrowth also simultaneously announced it’s alliances with Flipkart and Snapdeal. These tie ups give NeoGrowth access to over 34,000 e-commerce merchants across India. All these sellers are automatically eligible to apply for funds from NeoGrowth. In addition, NeoGrowth will also lend to sellers on other marketplaces and those using other platforms. Mr. Piyush Khaitan, Managing Director of NeoGrowth said, “The growth of online retail in India over the last couple of years has been phenomenal. A whole new generation of entrepreneurs has been created by the e-commerce revolution. All these sellers need access to finance in an efficient and seamless manner. NeoGrowth has upgraded Advance Suite, our integrated technology platform, to cater to such requirements in a secure, speedy and scalable manner.”

NeoCash Online offers benefits such as :

• Loans of upto Rs. 50 lakhs

• Quick and easy loans with minimal documentation

• Flexible repayment & tenure depending on business performance of the merchant

• Quick disbursal of funds within 24 hours of sanction acceptance.

• No collateral security required