Private Equity Fund Investments
Lender to micr-enterprises Aye Finance eyeing $50-M fundraise
Aye Finance, a non-banking finance company (NBFC), plans to raise capital of about USD 40–50 million in a Series F round in January–March 2022 to fund business growth. The fund raise will help Aye Finance meet its requirements for the next two years. The CapitalG backed fintech had, in April last year, raised INR 210 crore in its Series E equity round. With that raise, the net worth of the company, which is focused on lending to micro enterprises, reached INR 750 crore from INR 500 crore.
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