Fintech MSME lender Aye Finance has raised Rs 107 crore in a debt funding round from Switzerland-based investor BlueOrchard. Aye will utilise these fresh funds towards extending affordable and customised credit solutions to the base of the pyramid businesses of India.
Launched in 2014, Aye Finance claims to provide Rs 2,700 crore worth of credit to over 1,96,000 grassroots businesses. Besides, the company also lend to small businesses in more than 100 clusters, in segments including manufacturing, trading and service groups, among others. (Source-PR)
