Debt

Debt financing

Micro-enterprises lender Aye Finance raises Rs.75-Cr from Triple Jump BV, Northern Arc

INC42  

Gurugram-based financial services startup Aye Finance has announced an INR 75 crore debt raise from Netherlands-based existing investor Triple Jump BV and Northern Arc. Since its inception in 2014, Google's CapitalG-backed Aye Finance has disbursed over INR 5,000 crore to over 3.5 Lakh micro-enterprises. Founded by Sanjay Sharma and Vikram Jetley, Aye Finance caters to unbanked micro-enterprises of India by offering B2B loans. With this debt fundraise, Aye Finance plans to strengthen its on-lending play. Aye Finance has raised debt funds from Elevation Capital, LGT, Falcon Edge Capital, A91 Partners, MAJ Invest and more than 20 other investors. In late 2020, Aye had raised INR 77 crore in debt from Catalyst Trusteeship Ltd.