Aye Finance raises $14mn

December 27, 2019 | SME Finance

Written by FinTech Alliance

Aye Finance raises $14mn

Indian FinTech player Aye Finance has raised more than $14mn.

In Brief:

  • The funding comes from BlueOrchard.

  • Debt funding is backed by Alphabet’s CapitalG and others.

  • Aye lends to microenterprises and has enabled more than 200,000 so far.

What does this mean?

This is the third round of debt financing raised by Aye this year – coupled with the loyalty of BlueOrchard, which as invested six times in total, this points to investor confidence in the company. The business raised $16.8mn just last month, and funding will be used to develop its SMB portfolio across the country.

Read more here.

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