FMO mulls $10m loan to Mumbai-based NeoGrowth Credit

FMO mulls $10m loan to Mumbai-based NeoGrowth Credit

Powai, Mumbai, Maharashtra, India. Photo: Aniket Bhattacharya

Dutch development bank FMO is considering a proposal to provide a $10 million loan to NeoGrowth Credit Pvt. Ltd, an early-stage fintech lender catering to small businesses in India, according to a disclosure.