An MSME lending platform, Aye Finance, has announced that it has raised a debt round of Rs 75 crore from leading global impact investment managers, Triple Jump BV, and Northern Arc — a diversified non-banking finance company (NBFC) focused on underserved households and businesses. Aye Finance will use these funds for on-lending.
The CapitalG-backed lender was founded in 2014 and has since disbursed over Rs 5,000 crore to over 3.5 lakh mini enterprises. Aye recently announced the opening of 100 new centers which took its geological presence to 311 in 20 states. With this fresh infusion of funds, the lender aims to make credit available for the underserved segment of mini enterprises.