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