Aye Finance raises USD 10Mn from responsAbility and Northern Arc

Aye Finance, the CapitalG backed fintech lender, on Thursday announced raising funds worth USD 10 million in debt funding from leading global impact investment manager, responsibility and Northern Arc.

With this latest funds, Aye aims to gear up and bolster its lending portfolio and offer affordable business loans to a larger number of microenterprises in India.

Microenterprises are at the bottom of the MSME hierarchy of businesses and Aye’s mission is linked to raising this financially excluded sector and bringing it into the folds of organized finance.

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