PE Fund Investments
Lender to SMEs Aye Finance to raise Rs.250-Cr from Temasek-backed ABC Impact, BII
Gurugram-based non-banking finance company (NBFC) Aye Finance is set to raise INR 250 crore in a funding round led by ABC Impact, a Singapore-based impact investment fund backed by Temasek. British International Investment (BII), which led Aye Finance’s last round in December 2023, is also participating in the funding round.Post-funding, Aye Finance’s net worth is expected to reach INR 1,250 crore, on the basis of which it can raise further debt from its lending partners.Founded in 2014, Aye Finance focuses on lending to small and medium enterprises and is backed by Capital G, Elevation Capital besides others.Aye Finance is in the process of filing draft papers to the market regulator for a public listing.
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