Exclusive: NeoGrowth raises debt from UTI International

NeoGrowth, a leading lending platform for SMEs, has secured debt funding from UTI International, marking another milestone in its expansion. The funds will be utilized to enhance NeoGrowth’s lending portfolio, focusing on underserved small and medium businesses. The company leverages technology to offer tailored financial solutions, ensuring that businesses with limited credit access can scale effectively. UTI International’s backing signals investor confidence in NeoGrowth’s business model and growth trajectory. NeoGrowth aims to deepen its penetration in the SME segment, building on its data-driven approach to credit assessment. This funding aligns with the increasing demand for alternative financing options as traditional lending models often fail to meet the needs of smaller enterprises.