Debt financing
NBFC Aye Finance to raise $15-M via 5-yr NCDs
Gurugram-based non-banking financial company (NBFC) Aye Finance is to raise $15-M through the issuance of non-convertible debentures. The securities will be issued on a private placement basis with a face value of INR 1 lakh per debenture and a maturity tenure of five years.Founded in 2014, the firm provides business loans to MSMEs (micro, small and medium enterprises) across India. The company plans to use the funds to meet its capital requirements and support its Tier I capital base.
Between Apr 2014 and Jan 2025, Aye Finance had attracted about $ 393 M from Contrarian Drishti, Accion International, Elevation Capital, Lightrock India, Triodos, BlueOrchard, CapitalG, MicroVest, Triple Jump, Maj Invest, IFMR Trust, Northern Arc Capital, responsAbility, Alpha Wave Global, DFC, FMO, A91 Partners, Invest in Visions, British International Investment , Goldman Sachs, ABC World Asia and others.For FY25, Aye Finance had reported about INR 1,460 Cr in Operating Income and about INR 171 Cr in PAT.
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