NeoGrowth Credit Private Ltd.
Status: Proposed investmentWhy disclosure?
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In case of questions
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our prospective customer?
NeoGrowth Credit Private Limited (?NeoGrowth?) is a regulated non-deposit taking NBFC digital lender in India. NeoGrowth?s data science and technology-led approach enables it to offer quick and hassle-free loans to MSMEs across 70+ segments.
What is our funding objective?
FMO will invest in the pre-Series E equity raise round of NeoGrowth to support growth of the Company.
Why do we want to fund this investment?
NeoGrowth provides loans to consumer-facing, retail-oriented and underserved MSME It promotes financial inclusion for first time entrepreneurs and small businesses that would otherwise not have access to credit from traditional financial institutions due to the lack of a formal financial track record. The company will be able to leverage FMO?s global network and its reputation to unlock new sources of financing for the initiative. Also, it will leverage internal TA capabilities to assist on various topics, from digitalization, to governance efforts.
What is the Environmental and Social categorization rationale?
E&S risk is deemed limited (risk classification C), with the potential environmental and social impact from the Bank?s operations being minimal. Exposure to High Risk sectors is low, also in terms of aggregate sector data. NeoGrowth does not lend to companies in sectors that are on FMO?s exclusion list.
More investments
| Date | Total FMO financing |
|---|---|
| 11/25/2022 | INR 1599.96 MLN |
| 7/15/2022 | INR 800.00 MLN |
| 1/9/2025 | INR 740.00 MLN |
| 11/18/2022 | INR 600.00 MLN |
| 3/23/2022 | INR 650.00 MLN |
- Website customer/investment
- https://www.neogrowth.in/index.html
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Publication date
- 6/26/2025
- Deadline for feedback
- 7/26/2025
- Total FMO financing
- INR 643.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C