SME lender NeoGrowth aims to double turnover of SMBs in three years

Digital SME lender, NeoGrowth has launched diGibizz to help small business to become digital-ready and aims to double their turnover in three year.

Digital SME lender, NeoGrowth through its diGibizz proposition is looking at helping small businesses to become digital-ready and aims to double their turnover in three year.

The platform ‘diGibizz’ is aimed at small business digitising their operations to meet stiff competition from big brands and shopping apps and portals.

The non-bank lender said, “With the diGibizz platform, we aim to provide consultation and technology solutions that help small businesses scale up and become profitable. After a quick analysis, customised solution will be provided to business owners such as retailers, restaurants, apparel shops, kirana stores, petrol pumps, groceries, pharmacies and other MSMEs. This could be financial, non-financial, or combination of both depending on the gaps that small business owners have identified through diGibizz Digit-O-Meter smart analysis.”

Piyush Khaitan, Founder & Managing Director at NeoGrowth Credit said, “NeoGrowth has always focused on creating a positive social impact by lending to first-gen entrepreneurs, assisting women entrepreneurs, and supporting our customers to create jobs and improve credit scores through our loans.”

Khaitan adds, “With the shift to e-commerce, online bill payments & e-groceries since Covid, our diGibizz platform will become more relevant to customers. DiGibizz is our endeavour to digitally enable small businesses to transform themselves and drive business growth in the new normal. With diGibizz and other suite of offerings, we are aiming to reach Rs 2,000 crore of AUM by FY22.”