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neogrowth: NeoGrowth evaluates strategic deal as business becomes profitable

The Mumbai-based NBFC has reported a net profit in the last fiscal after two years of losses, now its stakeholders are evaluating if they can exit on a high. ....

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How digital payments became democratic – the UPI way, and other top tech & startup stories this week

Unified Payments Interface (UPI), the real-time bank transfer mechanism, breached the 10 billion monthly transaction volume mark last month. And with the festive season not too far away, one can only expect it to grow more in the coming months. But what does this 10 billion really mean — and how did we get here? ....

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NeoGrowth: NeoGrowth set to disburse loans within 24 hours to retailers with instant approval

Synopsis
The company claims that the loan applications will be approved instantly without the need for any bank statement, any industry-first feature.
ThinkStock Photos
NeoGrowth has disbursed over Rs 6,200 crore loans to 29,500 customers till date.
MUMBAI: NeoGrowth Credit Pvt. Ltd has announced the launch of NeoCash Insta Loan. This will meet the immediate fund requirements faced by retailers and small businesses across the country.
The NeoCash Insta Loan for retailers is a Rs 1 lakh collateral free loan product, with KYC documents without any financial/bank documents, instant online approval, and daily repayment amount of Rs. 250.
The product was developed as an insight from the company’s flagship retailer outreach program, NeoGrowth Sanjivini. ....

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