CosmicTaco

Aye Finance raises $30 Mn in Series G round

CosmicTaco · 2024-09-20T10:59:37.875391+05:30

- 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](https://entrackr.com/2024/09/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