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Aye Finance raises $30 Mn in Series G round

  • Aye Finance, a microlending platform, has raised Rs 250 crore ($30 million) in a Series G round led by Singapore's ABC Impact.
  • British International Investment, which led Aye's Series F round, also participated in this round.
  • This investment is the first from ABC Impact's Fund II, boosting the firm's assets under management to over $850 million.
  • Aye Finance now operates in 398 locations across 22 states in India, offering loans to micro and small enterprises.
  • The company reported a 67% increase in revenue to Rs 1072 crore for FY24, with profits tripling to Rs 161 crore.

Source: Entrackr

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