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Aye Finance raises $17 million from Invest in Vision

7Jul By PriyankaNo Comments

FUNDING

Aye Finance raises $17 million from Invest in Vision

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. быстрый займ на картузайм на карту мгновенно с пл...

Aye Finance Raises $17.43 Million NCD Funding

Fintech startup Aye Finance has raised $17.43 million (Rs 125 crore) funding from Dutch entrepreneurial development bank FMO through the issuance of non-convertible debentures. With this fundraising, Aye plans to expand its outreach in providing credit, specifically to women-owned microenterprises in India, the company said in a statement. "While we have women as co-applicants for over 95 percent of our loans, we believe we can do more in enabling the women micro-enterprises of India bring about a more transformative impact on the economy," Aye Finance MD and founder Sanjay Sharma said. Under the deal, FMO will work with Aye Finance to expand their services to women entrepreneurs in the country through a gender finance programme. "We expanded our branch network this year to Bih...

Fintech Startup Aye Finance Raises $10 mn from Funding

Fintech company Aye Finance has raised USD 10 million (about Rs 71 crore) in funding from Zurich-based responsAbility Investments AG. The company had received USD 5 million from responsAbility earlier this year. "Aye will be utilising these additional funds to offer business loans to the excluded microenterprise sector to support their growth and enable their inclusion into the formal economy," a statement said. Aye raised USD 5 million from responsAbility through NCDs, while the balance USD 5 million has been issued from a securitisation pool raised by responsAbility that was arranged by JP Morgan. Key investors in this transaction include the Overseas Private Investment Corporation (OPIC) and Alecta. "We have found support from Indian and global leaders in our mission of p...