Friday, November 22

Tag: BlueOrchard

Indian Microfinancing Group Raises $5 Million From BlueOrchard
11Sep By AnkitaNo Comments
FUNDING

Indian Microfinancing Group Raises $5 Million From BlueOrchard

New Delhi based Micro-financing group, Satya MicroCapital raises close to $5 million (Rs. 34 crores) from leading Swiss impact investment manager BlueOrchard Finance Ltd. for on-lending to the Indian micro, small, and medium business sector. The funding comes equally from two BlueOrchard managed funds, the Microfinance Initiative for Asia (MIFA), which is the first microfinance initiative of its size to exclusively target Asian microfinance institutions, and the Japan ASEAN Women Empowerment Fund (JAWEF), which is the first fund investing with female micro-entrepreneurs in the Southeast Asian frontier and emerging markets. "Having grown at a considerable rate and expanded our presence across multiple regions in India, we are well on our way to becoming one of the leading microfinance...
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FinTech Firm Aye Finance Raises Funding
13Apr By Sheldan RungasamyNo Comments
FUNDING

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 of micro, small and medium-sized enterprise (MSME) in India. Aye presently provides its service to over 10 states and boasts 72 branches in India so far. In the FY 17-18, it provided over 40,000 loans which were largely thanks to the customization of their products to meet the micro entrepreneur’s needs and provide them products at their own conditions. We are going to utilise the latest infusion of funds to increase our reach to bring the "missing middle" into the fo...
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