Indian NBFC Aye Finance raises $33.34m funding led by Falcon Edge

Financial services firm Aye Finance has raised Rs 233.62 crore in financing round, led by US-based investment firm Falcon Edge Capital.

The Series D equity round also saw participation from existing investors CapitalG, LGT and MAJ Invest.

The MSME lender plans to use this latest round of funding to boost its growth and to develop financial and data-mining technologies.

“Our enhanced focus on machine learning has benefited from the mentorship of Google Launchpad programme, and this has enhanced our ability to create a transformative change for the excluded micro-enterprises,” said Sanjay Sharma, MD, Aye Finance.

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