Aye Finance to hire over 1500 people, will cover vaccination cost for all its employees

May 28, 2021:Ankur Sharma, Head of HR at Aye talks about the company’s HR initiatives during the pandemic, from covering the vaccination cost of almost 4000 employees to following monthly roster systems and onboarding over 1500 employees over the next year.

Read More

How To Get A Business Loan by Sanjay Sharma, MD

May 3, 2021: Business loans are indispensable in catalyzing the expansion and diversification of businesses. This authored article breaks down the ways of procuring business loans for the reader and attempts to create an understanding of the process and the various aspects that come into play.

Read More

Interview with Gaurav Khurana, CTO, Aye Finance

March 31, 2021: Gaurav shares his take on the deployment of AI and Machine Learning in the FinTech industry and future of the CTO rule in the coming times.

Read More

Aye Finance to hire over 1500 people, will cover vaccination cost for all its employees

March 30, 2021:Ankur Sharma, Head of HR at Aye talks about the company’s HR initiatives during the pandemic, from covering the vaccination cost of almost 4000 employees to following monthly roster systems and onboarding over 1500 employees over the next year.

Read More

Aye: Putting AI In Finance Since 2014

March 3, 2021: In a short span of time Aye has developed and deployed AI/ML solutions in most of our critical business processes. We use artificial intelligence to drive non-linear growth, enhance efficiency and profitability through digitalisation and embed state-of-the-art data-driven decision-intelligence across all key business processes.

Read More

Aye Finance appoints new CTO: Gaurav Khurana joins Aye Finance from Hero Housing Finance

March 1, 2021: Gaurav has over two decades of IT leadership experience in companies like Hero Housing, Religare Group and Max Life Insurance Company. At Aye, he will be responsible for designing & implementing a technology stack and driving the adoption of new-age technologies across the business spectrum.

Read More

Ujual George joins as Chief Risk officer at Aye Finance Pvt Ltd.

Jan, 2021:Ujual brings with him an experience of two and a half decades of Leadership roles in the BFSI sector. At Aye Finance he would be responsible to drive risk management capabilities and drive operational transformation.

Read More

Outlook 2021–Challenges and Expectations of the Fintech Industry-By Sovan Satyaprakash (Head of Strategy)

Jan, 2021: The outlook for 2021 will be predominantly about COVID-19 after-effects and new avenues of innovation in products, processes, and technologies. The year and beyond will now test the resilience of the business models and prudent strategic initiatives of the industry players which will drive growth.

Read More

Why this MSME lending startup believes it can grow big by lending to micro-enterprises

Dec, 2020: The outlook for 2021 will be predominantly about COVID-19 after-effects and new avenues of innovation in products, processes, and technologies. The year and beyond will now test the resilience of the business models and prudent strategic initiatives of the industry players which will drive growth.

Read More

Significance Of AI And Machine Learning In MSME Lending by Tejamoy Ghosh, Head of Data Science, Aye Finance

Dec, 2020: Over the last decade or so AI and Machine Learning has become relevant almost to the degree of indispensability to forward thinking organizations across industries. As always Financial Services have been among the frontrunners in adoption and deployment across most if not all aspects of their business.

Read More

How relevant is AI and machine learning in MSME lending by Tejamoy Ghosh, Head of Data Science, Aye Finance

Sep, 2020: The growing world of MSME lending is also deriving value from the advancements being made in AI. They are using machine learning to make improved lending decisions in the absence of business documentation by consolidating data points from various social and demographic sources.

Read More

Aye Finance founder reveals how he convinced Google to invest in his six-year old micro loans startup

Sep, 2020: In the fintech space, one of the startups to have bagged big-ticket funding during the lockdown is lending company Aye Finance. From the second round of investment from Google’s investment fund Capital G to fresh funds from Germany-based impact investor, Invest in Vision, the last few months have kept the six-year-old startup busy.

Read More

Aye Finance Revenue Surges 2X In FY20 Making it the Third Straight Profitable Year

Sept 2020: Gurugram-based financial services startup Aye Finance doubled its revenues and increased its loan book from 1,047 Cr to 1,800 Cr in the financial year 2020, the company’s cofounder and managing director Sanjay Sharma revealed.

Read More

A lot of uncertainty next year but Aye Finance will remain profitable: MD Sanjay Sharma

August, 2020: Gurugram-based Aye Finance Pvt. Ltd managed to raise funding in the coronavirus pandemic.

Read More

Samir Mehta joins Aye Finance as its deputy CEO.

August, 2020: Samir has over 22 years of experience, working with leading players in the BFSI sector, and is an alumnus of the Indian Institute of Management (Lucknow) and National Institute of Technology (Kurukshetra). His focus will be to scale up business and implement strategies to enhance performance and capabilities.

Read More

Aye Finance to open up lending tap in July to micro enterprises

July, 2020: Aye Finance, a new-age non-banking finance company, is hopeful of clocking 25-30 per cent growth in its overall loan portfolio this fiscal year provided things settle down on the Covid-19 front by September, a top official said.

Read More

We Have Maintained Contact With Our Customers Through Our In House Customer Service Tele Calling Team: Sanjay Sharma, MD, Aye Finance

July, 2020: During the pandemic we have maintained contact with our customers through our in-house Customer Service Tele calling team, which has been educating the customers on the benefits of meeting their EMI obligations along with providing them guidance and information through this time of disruption

Read More

Unless banks start lending, NBFCs are going to be in trouble: Ashish Sharma, CFO, Aye Finance

June, 2020: Covid-19 was a big shock for the NBFC industry that was emerging from a slowdown and a liquidity crunch from last year. Looking at the uncertainty, Aye Finance CFO is optimistic about the future, trust the resilience of its customers but still fears the unprecedented times. Meanwhile, he has also reduced his fundraising plans by 50% for this financial year.

Read More

Aye Finance raises Rs. 210 Crore in its Series E round of funding, led by CapitalG, Google’s private equity arm.

June, 2020: Covid-19 was a big shock for the NBFC industry that was emerging from a slowdown and a liquidity crunch from last year. Looking at the uncertainty, Aye Finance CFO is optimistic about the future, trust the resilience of its customers but still fears the unprecedented times. Meanwhile, he has also reduced his fundraising plans by 50% for this financial year.

Read More

Impact of Finance Minister’s package on the NBFC sector and way forward By Ashish Sharma, CFO, Aye Finance

May, 2020: The Government of India announced a broad set of fiscal stimulus measures to stabilize Indian economy affected by the pandemic. We too have offered our customers a moratorium on our loans as per the company policy and are also designing credit offerings that will be of value to our customers.

Read More

Priority is to service repeat customers and then look at new business: Sanjay Sharma, Aye Finance

May, 2020: For new businesses we will look at where businesses have stabilized and there are segments where the effects are lesser as a lot of our branches are in green zones.

Priority to service repeat customers and then look at new business.

Read More

A 6 month financial support scheme for micro enterprises needed to ride through the pandemic : by Sanjay Sharma, MD, Aye Finance

April, 2020: The 60 million micro enterprises that contribute 37% of GDP, employ over 110 million people and grow faster than our rate of GDP growth, are now at an existential challenge. If the problem is not managed effectively, there could be a significant part of these micro MSMEs may have to shut shop

Read More

NBFCs With Diversified Portfolios, Automation Will Tide Over The Situation – Sanjay Sharma, MD, in conversation with Outlook India

April, 2020: The next two quarters will be a test of resilience for large as well as small businesses across India. NBFCs that have invested in the delinquency management system and automation and who have a clear process for managing delinquencies will be less impacted.

Read More

MSME lender Aye Finance raises Rs 180 crore

April, 2020: Rs 180 crore was raised in debt over a period of 15 days from lenders in India and abroad. The fund raise comes amidst India being in a 21-day lockdown which has severely impacted economic activity and has caused disruption to MSMEs

Read More

MSME lender Aye Finance announces expansion plans for FY 21

March 2020: After covering 5,500 pin codes in India across the length and breadth of the country, Aye plans to expand to 2,000 additional pin codes by the end of FY 2021. The fintech lender says it is well placed to embark on its next phase of growth.

Read More

Aye sets up not-for-profit company

June 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

Aye Finance reaches 1000 cr in AUM

April 2019: Aye Finance, a CapitalG-backed fintech lender to the MSMEs has reached ₹1,000 crore Asset Under Management (AUM) milestone within five years of inception.

Read more

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.

Read More

Aye Finance raises $10 million debt from responsAbility

Jan 2019: Aye Finance raises $10million in debt funding from responsAbility Investments AG and Northern Arc Capital through the issuance of non-convertible debentures.

Read more

Aye finance aims big on micro enterprise lending

Jan 2019: Aye Finance is aiming to grow their loan book to INR 5,000 Crores in the next 5 years.

Read More

Aye Finance raises ₹20 cr via NCDs

December 2018: In a deal syndicated by Northern Arc Capital, Aye Finance raised Rs 20 Crores in Non-Convertible Debentures to offer affordable and customized credit solutions to MSMEs in India.

Read More

Aye Finance raises Rs 70 crore in debt from BlueOrchard

November 2018: Aye Finance, a Gurgaon-based digital lending startup for small and medium businesses, has raised Rs 70 crore in debt funding from social impact fund BlueOrchard to help expand to newer geographies in the hinterland and disburse more actively to its existing borrower base.

Read more

Aye Finance: This startup claims to have grown 350% annually, plans pan India expansion

October 2018: Fintech player AYE Finance was founded in 2014 by Sanjay Sharma and Vikram Jetley to transform micro and small scale enterprise lending in India. Four years into its existence, the start-up claims to have grown at an amazing compounded annual rate of over 350% in the last three years.“We will continue to grow at a rate of 100% in the next two years,” said Sanjay Sharma, MD & CEO, Aye Finance.

Read More

Click moment | We were impressed by the resilience of the MSME segment, says Sanjay Sharma

August 2018: Sanjay Sharma says he was impressed by the resilience of MSME segment and how it had managed to stay afloat and contribute to the Indian economy, despite battling inaccessible funding and repayment challenges

Read More

Aye Finance raises $10 million debt from Triple Jump, MicroVest

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 More

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.

Read More

Aye Fin says it Disbursed 60,000 Loans

May 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.

Read More

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.

Read More

Fintech Players rely on AI to build Credit Scores for Disbursal of Loans

May 2018: Aye Finance’s credit assessment method is based on data points from industry-specific clusters.

Read More

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.

Read More

Banks Board Bandwagon with Funds for eLenders

February 2018: A more sustainable form of business created by Aye Finance, having built a book of Rs 450 crore.

Read More

Aye Finance raised Rs 25 crore from Hinduja Finance and Intellegrow

February 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.

Read More

IFMR Capital Puts Rs 40 cr in Aye Fin

January 2018: Aye Finance has raised Rs 40 crore in debt funding from IFMR Capital.

Read More

Symbiotic Leads Rs 32 cr Debt Funding in Aye

November 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.

Read More

Aye Finance Wants to Mop up $25-40 million in Next Round

October 2017: Aye Finance wants to mop up $25-40 million in next round to fuel its expansion plans.

Read More

Aye Finance raises $7mn from Netherlands’ Triodos Investment

September 2017: Netherlands based Triodos Bank has subscribed to INR 44 crore NCD issue of Aye Finance.

Read More

M&M Fin Services Says Aye For Rs.10 Cr

July 2017: Aye Finance, a startup focused on giving loans to small and medium enterprises, has raised Rs 10 crore by selling part of its SME loan portfolio under a securitisation deal to Mahindra & Mahindra Financial Services. The deal was facilitated by IFMR Capital.

Read More

Aye Finance bags $8 mn from Blue Orchard

May 2017: 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.

Read More

Aye Finance receives Rs 20 cr. funding from SBI

May 2017: Aye Finance on Wednesday announced receiving of Rs. 20 crore from State Bank of India for on-lending and getting approvals for sanctioned credit facilities.

Read More

Aye finance empowers expansion of south Indian MSMEs

April 2017: 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.

Read More

How GST will reshape the Indian startup industry

April 2017: 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.

Read More

AYE Finance featured in Hindustan Times – Lucknow

August 2016: To provide business loans to micro, small and medium enterprises (MSMEs), Gurgaon-based Aye Finance is aggressively focusing on the UP market.

Read More

AYE Finance closes Rs 70 crore funding round led by LGT Impact Ventures 

November 2016: 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.

Read More

MSME lender Aye Finance raises $1 million funding from Accion and SAIF Partners

February 2015: 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).

Read More

Accion and SAIF Partners co-invest in India based Aye Finance

February 2015: 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.

Read More

After CapitalFloat, now Aye Finance bags funding to provide loans to startups in India

December 2015: 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.

Read More

NBFC Aye Finance raises Rs 20 crore in new round of funding 

February 2015: 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.

Read More