NeoGrowth is a hassle-free, short-term loan platform that helps small- and micro-sized retailers in India, who do not have access to traditional bank credit, to address everyday business cash-flow challenges.

The short-term loans provided by NeoGrowth follow the Merchant Cash Advance (MCA) model and are secured by collections from the retailers’ future debit and credit card transactions. Retailers can apply for a loan online and repayments are done automatically, using the borrowers’ card sales on registered point-of-sale devices.