Get All Access for $5/mo

Microlender Aye Finance Secures INR 250 Cr in Series G Funding Led by ABC Impact With the raised capital, Aye Finance aims to scale its operations and enhance its ability to deliver value to its target segment of microenterprises.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sanjay Sharma, Founder and Managing Director of Aye Finance

Microlending platform Aye Finance has raised INR 250 crore (USD 30 million) in its Series G funding round, led by Singapore-based ABC Impact.

The funding round also saw participation from British International Investment (BII), a UK-based development finance institution and impact investor. BII had previously led Aye's Series F round in December 2023, raising INR 310 crore (USD 37 million). This new capital infusion follows a USD 30 million debt raised by Aye in June this year.

The Series G funding marks the first investment from ABC Impact's Fund II, which now boosts the firm's assets under management (AUM) to over USD 850 million. The completion of this deal is subject to standard regulatory conditions. With the latest funding round, Aye's total equity raise has reached INR 1,250 crore (USD 150 million).

Sanjay Sharma, Founder and Managing Director of Aye Finance, said, "We are excited to announce our Series G equity round. We have been fortunate to have stellar names from the industry partner with us in our mission to enable financial inclusion of the underserved segment right since 2014. This capital infusion will enable us to scale our operations and enhance our ability to deliver value to our target segment of microenterprises."

Founded in 2014, Aye Finance focuses on providing working capital loans to microenterprises, offering products like quasi-mortgage, hypothetical, and add-on loans.

To date, the Gurugram-based platform claims to have disbursed over INR 7,600 crore (USD 915 million) in loans to more than 5,76,000 businesses, with a 60% repeat customer rate. The company operates across 478 branches in 22 states, primarily catering to micro and small enterprises in the manufacturing, trading, and service sectors.

Sugandhi Matta, Chief Impact Officer of ABC Impact, said, "India is a country of micro-entrepreneurs (MSMEs). However, this important segment of the economy is significantly underserved by formal credit. Our partnership with Aye Finance will support these micro-entrepreneurs with better access to credit so that they can grow their businesses and realise their full potential."

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Business Process

How CEOs Can Take Control of Their Emails and Achieve Inbox Zero

Although there are many methodologies that leaders can use to manage their emails effectively, a consistent and thought-through process is the most effective way to systemize and respond to emails and is a step of stewardship for the effective leader.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.