NBFC Aye Finance raises $30 million in series G round led by ABC Impact

INSUBCONTINENT EXCLUSIVE:
The company operates a network of 478 branches across the country
Illustration: Ajay Mohanty2 min read Last Updated : Sep 20 2024 | 2:48 PM IST Aye Finance, a non-banking financial company (NBFC), raised
round of funding comes eight months after the company raised $37 million in a Series F round
Cumulatively, the Gurugram-based company has raised $164 million since 2014, according to data from market intelligence platform
Tracxn. Aye Finance is a small-ticket lender in the micro, small, and medium enterprises (MSME) lending landscape, providing working
ABC Impact in this round and look forward to maximising impact
This capital infusion will enable us to scale our operations and enhance our ability to deliver value to our target segment of
disciplined underwriting, and solid operational performance
Their focused use of technology has enabled scalable growth across the country, positioning them as a notable lender for their target
asset management firm Temasek Trust Asset Management, the fund focuses on solutions in financial and digital inclusion, health and
education, climate and water solutions, and sustainable food and agriculture.First Published: Sep 20 2024 | 2:48 PMIST