Jan, 2021: Aye Finance brings on board RBL Bank’s Ujual George as chief risk officer
June, 2020:Aye Finance raises Rs. 210 Crore in its Series E round of funding, led by CapitalG, Google’s private equity arm.
June 2019: “India has over 60 million unorganized micro-enterprises which are the bedrock for innovations, an intrinsic cog in the supply chains of larger businesses.”
Read more about our objective, journey and role in transforming the staggering credit deficit micro-enterprises face in India, in our coverage by Fortune India.
April 2019: Aye Finance, a non-banking finance company focussed on lending to micro enterprises, has set up a not-for-profit company, FAME (Foundation for Advancement of Micro Enterprises). It proposes to run its Corporate Social Responsibility (CSR) interventions through this entity. Read more on The Hindu Business Line.
Aye Finance raises ₹234 cr in Series D funding
March 2019: MSME lender Aye Finance has raised ₹233.62 crore in Series D equity round, led by New York-based investment firm Falcon Edge Capital.
Existing investors, CapitalG, LGT and MAJ Invest, also participated in this round.
October 2018: “We will continue to grow at a rate of 100%” says Aye Finance’s MD, Sanjay Sharma
Read more about our future plans, our growth that’s exceeded 350%, and more in our coverage by The Financial Express (India).
July 2018: Aye Finance has raised $10 million (INR 68.7 Crore) in debt funding from global impact investment managers, Triple Jump BV and MicroVest Capital Management, LLC!
This is the 10th round of funding for Aye Finance this year, bringing our cumulative debt funding to INR 255 Crore since January this year.
Read the full coverage of our funding in HT Mint
Aye Finance raises $22 million from CapitalG, SAIF Partners, LGT
June, 2018: Aye Finance raises $22 million in its Series C round of funding, led by CapitalG, the venture capital fund owned by Alphabet Inc.
Aye Fin says it Disbursed 60,000 Loans
May 29th, 2018: Aye Finance has disbursed 60,000 loans since its inception in 2014, to micro and small enterprises giving out a total of Rs 700 crore.
Aye Finance raises Rs 30 crore in debt from SBI
May, 2018: Aye Finance has raised Rs 30 crore in a fresh round of debt funding from SBI.
Fintech Players rely on AI to build Credit Scores for Disbursal of Loans
May 2nd, 2018: Aye Finance’s credit assessment method is based on data points from industry-specific clusters.
Aye Finance gets Rs 30 crore from Swiss Investor
April, 2018: Aye Finance is the latest to raise a fresh round of Rs 30 crore from Swiss-based impact investor BlueOrchard Finance. BlueOrchard has already invested more than Rs 100 crore in Aye Finance since 2017.
Banks Board Bandwagon with Funds for eLenders
February 27th, 2018: A more sustainable form of business created by Aye Finance, having built a book of Rs 450 crore.
Aye Finance raised Rs 25 crore from Hinduja Finance and Intellegrow
February 19th, 2018: Aye Finance raised Rs 25 crore through a securitization deal from investors including Hinduja Leyland Finance and IntelleGrow. The deal was facilitated by Vivriti Capital.
IFMR Capital Puts Rs 40 cr in Aye Fin
January 24th, 2018: Aye Finance has raised Rs 40 crore in debt funding from IFMR Capital.
Symbiotic Leads Rs 32 cr Debt Funding in Aye
November 7th, 2017: Geneva-based development finance institution Symbiotics Group has led a Rs 32 crore debt funding round in micro and small sector lender Aye Finance.
Aye Finance Wants to Mop up $25-40 million in Next Round
October 18th, 2017: Aye Finance wants to mop up $25-40 million in next round to fuel its expansion plans.
Aye Finance raises $7mn from Netherlands’ Triodos Investment
September 7th, 2017: Netherlands based Triodos Bank has subscribed to INR 44 crore NCD issue of Aye Finance.
M&M Fin Services Says Aye For Rs.10 Cr
M&M Fin Services Says Aye For Rs.10 Cr. Check it out inside!
Aye Finance bags $8 mn from Blue Orchard
Aye Finance was recently featured in The Economic Times and Times of India, in relation to the new funds raised via Blue Orchard, a leading global impact investment manager.
Aye Finance receives Rs 20 cr. funding from SBI
Featured in The Economic Times, the article details the recent funding and achievements of Aye..
Aye finance empowers expansion of south Indian MSMEs
In order to empower the expansion of the Indian MSME sector , Aye Finance is delivering business loans against mortgage or simple hypothecation accessible to India’s thriving and underserved MSME sector.
How GST will reshape the Indian startup industry
Seen as one of the biggest tax reforms post independence in 1947, the Goods and Services Tax (GST) is set to bring forth unprecedented transformation of the Indian economy. There is a lot of conjecture around whether our markets are strong enough to sustain the impact of a radical change of this magnitude, even when the country is reeling from the after effects of demonetization.
AYE Finance featured in Hindustan Times – Lucknow
LUCKNOW: To provide business loans to micro, small and medium enterprises (MSMEs), Gurgaon-based Aye Finance is aggressively focusing on the UP market.
AYE Finance closes Rs 70 crore funding round led by LGT Impact Ventures
NEW DELHI: New Delhi-based non-banking financial company AYE Finance has closed a Rs 70 crore round of equity funding, led by impact investment firm LGT Impact Ventures, with existing backers SAIF Partners and Accion also participating.
MSME lender Aye Finance raises $1 million funding from Accion and SAIF Partners
Aye Finance, an India-based lender for the profitable micro, small, and medium enterprises (MSMEs), has raised $1 million investment from SAIF Partners and Accion. Earlier this month, SAIF Partners also participated in the $13 million investment round of Capital Float (with Sequoia Capital).
Accion and SAIF Partners co-invest in India based Aye Finance
SAIF Partners and Accion announced co-investments in Aye Finance, an India-based lender that will serve thousands of profitable micro, small, and medium enterprises (MSMEs), which are often locked out of both traditional microfinance and commercial capital.
After CapitalFloat, now Aye Finance bags funding to provide loans to startups in India
Though startups in India raised nearly US$5 billion from venture capital funds and angel investors last year, a large number of young companies still find it tough to access capital, especially if they don’t want to share equity with VCs. Banks tie them up in red tape, informal moneylenders demand too much for too little, and microfinance companies have far too little to offer these entrepreneurs. Indian lender Aye Finance, which aims to mitigate this problem, has just bagged US$1 million in funding from SAIF Partners and Accion.
NBFC Aye Finance raises Rs 20 crore in new round of funding
BENGALURU: Delhi-based non-banking finance company Aye Finance has raised Rs 20 crore in a new round of funding from existing backers, venture and growth capital investor SAIF Partners and financial inclusion-focused firm Accion.