NeoGrowth Credit Pvt. Ltd.

About Us
NeoGrowth Credit is an RBI registered fintech NBFC which lends to MSMEs based on the underwriting of digital payments data. NeoGrowth provides finance to small business owners (MSMEs) to drive business growth that matches their ambitions. Our hassle-free loans are powered by technology innovations and leverage the digital payments ecosystem. We provide financing to retailers, restaurants, apparel shops, kirana stores, petrol pumps, groceries, pharmacies and other MSMEs with flexible repayment options and customized products addressing multiple business needs. NeoGrowths financing not only helps customers grow but also drives financial inclusion making a positive social impact.

NeoGrowth was founded by Dhruv Khaitan (DK) and Piyush Khaitan (PK), who together have founded and managed several touch and tech-based companies to serve the SME segment. DK and PK have leveraged their deep experience in digital payments and technology along with their strong entrepreneurial experiences to bring about a revolution in the fintech sector. Headquartered in Mumbai, NeoGrowth started its commercial operations in 2012-13 and is now present in 26 major cities of India.

NeoGrowth has already raised INR 500 Crores equity and twice the amount as debt. The company is backed by renowned investors, namely Omidyar Network, Aspada Investment Company, Khosla Impact, Accion Frontier Inclusion Fund Quona Capital, IIFL Seed Ventures Fund and Leapfrog Investments.

Leadership Team -
Board of Directors -
Client Stories -
Social Impact Report 2020 -

Technology at NeoGrowth
NeoGrowth is technology and analytics driven business at heart, and designs its systems and processes keeping scale and automation foremost in mind. In small ticket lending, managing unit economics is a critical success factor, and NeoGrowth has found the optimum mix to ensure that we retain the human touch, but deliver a superior and efficient customer experience. At NeoGrowth, we lend to consumer facing MSME retailers who accept digital payments via credit or debit cards over point-of-sale machines. We use technology to parse one year of digital bank statement data, and gain insights into daily card-based sales for the last 365 days. We then use proprietary algorithms to build predictive models into the future sustainability and growth of the business. NeoGrowth collects and generates huge volumes of data which is used to back test and refine scorecards and we also score every loan account for risk every single day.

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Why work at NeoGrowth

  • Pioneer in lending to Retail and Supply chain segments for merchants against their payment receivables.
  • Served and engaged 55,000+ MSMEs with loan ticket size ranging from INR 1 lakh to INR 75 lakhs, with a tenure of 18 to 36 months.
  • An industry first, vis-a-vis lending to retail merchants against their receivables, through Digital Payments including card sales/online sales and then deducting directly from their settlements.
  • Segment Leader by virtue of our product, our algorithm driven underwriting and our tech and touch process, that ensure maximum benefit and convenience to customers.
  • Awarded and recognized at prestigious forums “Economic Times Promising Brands 2019”, “Best Lending Fintech by Business Today,2020”, “Best Tech SME of the Year2019 – Dun & Bradstreet”
  • Listed amongst the Top 15 Global SME-Focused FinTech Start-up’s by Medici, September 2019
  • ‘Great Place to Work’ Certified in Mar’20 demonstrating High Trust, High Performance culture at NeoGrowth

Our Product Offerings

  • NeoCash (Retail friendly) – Online and Offline retailers who are looking for new age loan products that match their financing needs
  • NeoCash Express (Lighter and Quicker Version of NeoCash) – For all MSMEs with a standard simplified application and standard loan features
  • Vendor Finance (Supplier friendly) – Manufacturers and service providers, specifically suppliers of large corporates (we define large corporates with turnover > INR 250 Crs in latest financial year)
  • Purchase Finance (Sourcing Friendly) – Traders, manufacturers and service providers who purchase their raw materials or trading goods from large corporates or channel partners of large corporates (we define large corporates with turnover > INR 250 Crs in latest financial year)

City Manager - Sales

Department: Sales
Reporting To: Regional Sales Manager
Company Name:
NeoGrowth Credit Private Limited
Key Skillsets:

a) As a City Manager, you'll be required to Visit Merchants, Retailers and SMEs. Task will be to establish the new loan product in its niche segment and maximize the benefit of a first entrant its space.
b) To prepare action plans individually for effective search of sales leads, prospects, referrals & DSAs.
c) To maintain accurate DSR.
d) Recruiting & managing a team of customer acquisition managers
e) On field and off filed training of executives.
f) To provide timely feedback regarding sales performance of the team.
g) Recruiting and managing Referral channels.
h) Supervising the daily activities of executives and maintaining daily MIS of the same.
i) To confer with credit managers to aid in resolving loan application to disbursal issues.
j) To handle customer complaints and to take appropriate action to resolve them.
k) To negotiate payment arrangements with customers who have delinquent payment track record.
l) To update job knowledge by participating in training opportunities & by maintaining personal networks.

Qualification: Graduate

Industry: Banking & Financial Services

Functional Area: Financial services

Experience: 7-10 yrs experience working in NBFC/ Bank into unsecured business loan.

Location: Ludhiana (Punjab, India), Chandigarh (Chandigarh, India)

Salary: ₹ 6,00,000 - 7,50,000 P.A.

NeoGrowth Credit Pvt. Ltd.
Mumbai, Maharashtra, India
Job Ad publication date: 23 Oct 2020