The positive Social Impact ushered in by NeoGrowth through its lending facility to the SME retail segment was recognized by Insight Success magazine, which listed NeoGrowth amongst the 10 Best Emerging Fintech Startups of 2018.
Insight Success has been an arch that is sustaining Entrepreneurs quench their requirements for technology and business updates that are currently ruling the business world. The Magazine is one of its kind, which molds itself according to the choice of its readers every single month! Their aim is to share with the readers the information of their particular industry, as well the critical information they require and demand to grow their businesses.
The financial assistance provided by NeoGrowth, to the under-served SME retail segment in form of quick, timely & hassle -free loans, based on digital payments, using technology and business model innovation , was a pioneering concept that stood out during the research done by Insight success magazine related to the Digital lending Space.
However the most appreciated fact related to NeoGrowth was the positive social impact caused by NeoGrowth, in terms of boosting entrepreneurship and job creation.
Creating a Positive Social Impact , is at the heart of the NeoGrowth’s business strategy, which is geared towards improving the financial lives of small and medium business merchants across India, more than 50% of whom are creditworthy but until now have been excluded from accessing loans based on traditional underwriting methods.
NeoGrowth caters to this under-served market by adopting an innovative approach and validating the creditworthiness of the business. This is done by looking at current business performance and stability. Till date over 15,000 business merchants have been helped by NeoGrowth to grow their businesses.
The unique tech & touch model of NeoGrowth, augmented by the in-house technology platform and smart analytics of the digital spends data ensure that NeoGrowth offers the best products and services in the market.