Gurugram-based Fintech lending firm Aye Finance on Thursday announced that Accion, one of its early investors, has sold its stake in the startup to Mumbai-based A91 Partners, which launched its first fund only in 2019.
Accion, the global non-profit organisation that has a commitment to create a financially inclusive world, has made its impact in microfinance and fintech impact investing for more than 50 years. It first invested in Aye through its seed-stage fintech investment initiative Accion Venture Lab in early 2015. It also co-led Aye’s first institutional investment round when the startup had just begun its lending operations.
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