Rapyder Managed Services Enabled NeoGrowth to Achieve a Significant Cost Savings Upto $4000

15 February 2022

Introduction

NeoGrowth is a leading NBFC company that provides easy & quick business loans in India. NeoGrowth is a technology-enabled lending business that provides unsecured loans to small retailers in all major Indian Cities (Mumbai, Delhi, Chennai, Bangalore, Hyderabad, Chandigarh, Jaipur, Kolkata, Pune, and Ahmedabad) repaid by future card receivables, e-commerce sales, and other non-cash payments.

More than half of the loans made by NeoGrowth are less than INR 1 Mn each and greater than 80% of loans have been given to Proprietorship and Partnership firms. NeoGrowth combines new payment datasets, traditional scoring, dynamic repayment & automated collections to identify and serve these credit-worthy merchants.

Industry:

Non-Banking Financial

Offering:

Managed Services

Business Need:

AWS Infrastructure management was carried out by the internal application team. There was a rigorous increase in the overall cost while they were migrating from On-Premises to AWS. They were looking for Managed Services partner to help to stabilize the environment, optimize cost and help them to achieve DR Compliance.

Implementation:

  • Implemented a robust approach for deployments, rollbacks, and database replication for all the applications.
  • Implemented Cost Optimization best practices such as Compute Saving Plans, RI, EBS Modernization, Elasticity of Server & Resizing Infrastructure.
  • Cloud Endure account is used for continuous data replication and disaster recovery to avoid data loss.

    Reaping Rewards:

    • Patch Management helped NeoGrowth to have significant improvement in the performance of the applications.
    • Cost Optimization helped NeoGrowth in cost savings up to $4000.
    • Disaster Recovery will be performed every year which helped NeoGrowth to maintain backups for any future data loss.

    AWS Services:

    RDS, S3, Site-to-Site VPN, Route53, Lambda, Guard Duty, CloudWatch, IAM, Security Groups, WAF, ECS, Redshift, Key Management Service, FSx, ElastiCache, Secret Manager, SNS, Kinesis Fire Hose, Code Pipeline, CloudFront, Cloud Map, AWS Backup, API Gateway, Amplify.

      Next logical move:

      Rapyder team will be performing a Well Architecture Review to re-structure and maintain overall health of the account.