NeoGrowth secures ₹85 crore in funding from FMO and LeapFrog Investments to strengthen its digital lending platform. The capital will drive expansion and deepen its focus on serving Indian micro, small, and medium enterprises (MSMEs). The company aims to bolster its market position through improved digital lending capabilities.
NeoGrowth secures Rs 85 crore in fresh funding from FMO and LeapFrog to expand its digital lending services for micro, small, and medium enterprises (MSMEs). The Mumbai-based fintech previously raised Rs 300 crore ($36 million) in a Series D round in December 2022, led by FMO with existing investors.
NeoGrowth secures ₹300 crore in funding from Dutch development bank FMO and its existing backers. The fintech firm specializes in serving small businesses, expanding its capital base to support growth initiatives. The investment highlights continued confidence in NeoGrowth’s market position.
NeoGrowth secures ₹300 crore in fresh equity funding, with Dutch lender FMO contributing ₹160 crore. The capital supports on-lending activities and market expansion. The fintech firm plans to deploy funds to grow its lending operations and enter new regions.
