Neo banking (unified finance & operations management, accounting, and banking), MSME lending, Expert business consulting, AI-based business analytics. An ecosystem that enables organic growth for MSMEs by helping small businesses discover solutions for their varied needs through a network of partners and monitor business health through the neobanking platform.

Clientele Type

MSMEs across all industries: manufacturing, retail, services, etc


Rented premises

Asking Price Includes

can be discussed with the partners


We need investment for an 12-18-month runway for product development, GTM efforts and hiring talent

Other Details

This company got registered in January 2018 and started its operations from June 2019.
The team consists of IIM Ahmedabad Alumni.

The product
As core solution, Nemo is a desktop/mobile application that will formalize MSMEs and help:
[1] Get instant access to lender network to get collateral-free loans
[2] Connect with financial, marketing, and operational experts to
- Chart efficient operational path out of Covid-19 crisis
- Restructure expensive loans to reduce interest burden
[3] Track cash flows and run business smoothly
- Integrated banking, payments, invoicing, and accounting
- Scalable platform reducing manual work and errors

Business model
[1] Interest rate spread on loan origination, credit watch, and assisting with credit underwriting
[2] Commission from experts for getting them leads and customers insights
[3] Saas subscription for suite

Partners & Execution
[1] Powered by ICICI bank as the banking partner for connected banking and payments
[2] Indifi, Flexiloans, RangDe, KredX, Cashflo form an expanding network of lending partners
[3] Currently, pilot testing with 100 customers and a pipeline of approx 5,000 customers

We are well-positioned to reach a large market through our dual scale-up strategy
[1] Through partners
 Potential access to 100,000 MSMEs through ICICI banking partnership – quid pro quo as we open bank accounts for them through other channels
 Potential access to 70,000 MSMEs through a large EDII (Entrepreneurship Development Institute of India) which mentors and seeds micro and small businesses pan India
 Potential access to 10,000 MSMEs through Rang De, a P2P Financing NBFC, which will leverage Nemo for credit decisions
 Potential access to 5,000 customers through independent aggregators
[2] Through Physical Help Centres – low-cost hubs
 Physical presence will create much-needed trust in MSME clusters
 Data onboarding help and first-hand experience of product
 Quick issue resolution - critical to continued engagement
 Documentation help for great customer experience
 Brand awareness and brand recall
 Creation of nodal agents and on-ground network partners

There are 7 full-time members including co-founders and 2 freelancers
They are looking for investment for an 18-month runway for product development, GTM efforts and hiring talent

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