NeoGrowth bags $10 Mn debt funding to offer more credit to businesses


Content Team
Image Credit: economic times

RBI-recognised non-banking financial company (NBFC) NeoGrowth has secured $10 Mn as debt investment from US-based MicroVest Capital Management. The fresh capital will support NeoGrowth to extend financing to small businesses and also, use it as the required growth capital for the company. The development comes almost a month after NeoGrowth secured INR 300 Cr equity funding from the Dutch entrepreneurial development bank FMO.