Lending tech firm Aye Finance Pvt. Ltd. has now secured INR 250 Cr (about $30 Mn) in a Series G fundraising round headed by Singapore-based impact investor ABC Impact, over a month after finalizing the loan securitization transaction with Goldman Sachs Finance.
British International Investment (BII), an existing investor in Aye Finance that spearheaded its INR 310 Cr Series F financing deal in December of last year, also participated in the investment round.
Additionally, this most recent transaction represents the first investment from ABC Impact’s fund II.
The managing director and creator of Aye Finance, Sanjay Sharma, stated, “We are excited to work with ABC Impact on this round and look forward to maximizing impact.” We will be able to grow our business and improve our capacity to provide value to the microenterprise market segment we have as our goal thanks to this capital infusion.
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