[the_ad id="83613"]

Aye Finance bags $10 Mn debt from responsAbility

Micro financial service provider Aye Finance has scooped up $10 million in debt from responsAbility Investments AG. Out of total funding, $5 million is through non-convertible debentures (NCDs) and the rest is issued from a securitization pool raised by responsAbility.

Founded in 2014, the company will deploy new funds for growth, to lend more and build a profitable loan book. Previously, it had raised Rs 55 crore debt fund from DCB Bank last month.(Source)

 

About Author

Send Suggestions or Tips