17 September 2019, India:
Fintech firm Aye Finance has raised ₹80 Cr debt funding from an undisclosed investor. The company will use the fresh capital for further growing its lending portfolio.
This funding comes within a month of the news of the Aye Finance raising ₹55 crores from DCB Bank.
Sanjay Sharma, Founder and Managing Director, Aye Finance, said, “I believe the turmoil currently underway in the NBFC Sector will separate the sustainable and sound business models from the rest. Aye has remained unaffected and continues to find support from investors in India as well as globally in its mission to transform micro enterprise lending.”
Within a short span of 5 years, Aye has transitioned from a start up to a mid-sized company.
Last financial year it closed 2 equity rounds – Series C and D, raised ₹380 crores, and added CapitalG , Falcon Edge and MAJ Invest to its suite of accomplished investors.
(Image – Aye Finance)