Aye Finance has secured a debt of Rs 75 crore from Triple Jump and Northern Arc

• ByStartupStory     |    March 24, 2022

Aye Finance, an MSME lender, has launched a debt financing of INR 75 crores from Triple Jump BV and Northern Arc, a major global impact investment firm. These monies will be used for on-lending by the company.

Since its inception in 2014, the CapitalG-backed lender has disbursed over INR 5000 crores to over 3.5 lakh micro-companies.

Since its inception in 2014, the CapitalG-backed lender has disbursed over Rs 5,000 crore to over 3.5 lakh micro firms. Aye just announced the establishment of 100 more centers, bringing its total number of locations to 311 across 20 states. The lender hopes to make credit available to the underserved portion of the microenterprise market with this fresh influx of money.

Despite the pandemic’s disruption, Aye has continued to raise financing from top impact investors. CapitalG (Alphabet Inc Growth Equity Fund), Elevation Capital, LGT, Falcon Edge Capital, A91 Partners, and MAJ Invest, as well as over twenty debt investors, support the company.

The investor community’s faith in the firm model and grassroots businesses’ access to inexpensive and customized loan solutions is shown in this capital raise.

Despite the pandemic’s impact, Aye has continued to raise funds from main affect dealers. CapitalG (Alphabet Inc Growth Equity Fund), Elevation Capital, LGT, Falcon Edge Capital, A91 Partners, and MAJ Invest are among the firm’s backers, as are over twenty traders

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