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Dhruva Capital Services Limited has announced the launch of NeoMoney, a next-generation digital lending platform, scheduled for 15th April 2026. The platform offers small-ticket loans ranging from INR 500 to INR 5,000 with a credit limit up to INR 50,000 and tenures of 30, 60, or 90 days. NeoMoney features AI-driven underwriting, fully digital onboarding, and instant disbursement in seconds via RazorpayX and IDFC First Bank partnerships. The app targets students (18-30 years) and salaried professionals (18-50 years) and will initially launch on Indus App Store and Google Play Store, with iOS planned for later. Key features include zero processing fees, one-tap disbursements, and 24x7 access.
This launch represents Dhruva Capital's strategic entry into India's digital lending space, potentially expanding revenue streams. However, as a new product from a smaller listed company, the financial impact on stock performance remains uncertain and will depend on adoption rates.