Aye Finance raises $17 million from Invest in Vision
Aye Finance raises $17 million in debt funding from Germany-based Invest in Vision.
Search Results for: finance
Infosys Founder Son-in-Law Named New British Finance Minister
Infosys cofounder son-in-law Rishi Sunak was appointed as the UK’s new finance minister by Prime Minister Boris Johnson.
Aye Finance Raises $17.43 Million NCD Funding
Aye Finance raises $17.43 million funding through the issuance of non-convertible debentures from Dutch entrepreneurial development bank FMO.
Samsung Launch Digital Lending Platform ‘Samsung Finance+’ in India
South Korea based smartphone company Samsung launched its online finance option Samsung finance+ in India.
DPIIT Registered Startups Exempt from Angel Tax: Indian Finance Minister
The Indian government exempted all Indian startups that are registered with the DPIIT from the so-called ‘angel tax’.
Fintech Startup Aye Finance Raises $10 mn from Funding
Fintech Startup Aye Finance Raises $10 mn from Funding.
MSME Lender Aye Finance raises $10 Million
Digital money lending startup, Aye Finance has raised USD 10 million in debt funding from Triple Jump BV and MicroVest Funds, through the issuance of non-convertible debentures. This is the 10th financing round for Aye Finance in the year 2018, the company informed in a statement. Since January, it has cumulatively raised ₹255 crore of […]
Google’s Investment Firm leads $22 Mn Funding in Aye Finance
Capital G, the growing arm of Google’s parent company Alphabet has led a $22 million (Rs 147 crore) funding round in a microlending platform Aye Finance, a move that marks company first bet in the Indian financial sector. The Series C funding round witnessed participation from investors such as LGT and SAIF partners. The is […]
NBFC Annapurna Finance raises Rs. 155 Cr from OJIF
Bhubaneshwar based non-banking financial company Annapurna Finance Pvt Ltd. has raised Rs. 155 crore from Oman Joint Investment Fund (OIJIF), a private equity fund backed by India’s largest State Bank of India. OJIF is a joint venture between SBI and Oman’s State General Reserve Fund which has recently announced the second close of its second […]
Indostar Capital Finance IPO subscribed two-thirds on Day 2
The Initial Public Offering of a Non-banking financial company backed by Everstone Capital-IndoStar Capital Finance Ltd. was subscribed 69% on the second day of bidding on Thursday. According to stock exchange data, the public issue of 22.57 million shares which excludes the allotment of anchor investors received bids for nearly 46.46 million shares. The category […]
Finance Ministry Proposes Relaxations on LTCG Tax
The Finance Minister, Mr. Arun Jaitely, has proposed to relax certain conditions for availing 10 percent concession on long-term capitals gain tax. The Ministry has invited stakeholders feedback on draft notification that lists out scenarios wherein individuals need not pay Securities Transaction Tax (STT) at the time of purchase for availing concessional tax rate. In […]
FinTech Firm Aye Finance Raises Funding
Aye Finance, the FinTech platform based in Gurugram raised a funding round of Rs 30 crores as debt financing from BlueOrchard Finance Ltd, an impact investor based it Switzerland. The funds raised will serve the purpose of diversifying the lending portfolio of Aye Finance which will allow it to reach out to the large pool […]