Fintech startup Aye Finance raises $17 million (Rs 125 crore) in debt from Germany-based Invest in Vision, a top official of the company said.
The company will use the fund to enhance lending for the micro-enterprise sector, Aye Finance managing director Sanjay Sharma said.
“Since our inception in 2014, we have been making affordable loans a reality for the historically credit-starved micro-enterprises of India. We are grateful for the support we receive from Invest in Vision and other debt partners in helping us realize our mission of creating an inclusive India,” Sharma said.
Aye Finance is a finance company that provides business loans to micro and small businesses has raised a total of $244.4 Million in funding over 22 rounds.