Social VC Investments
MSME lender Aye Finance raises $10-M from Switzerland's responsAbility
Aye Finance, a lending platform for micro, small and medium enterprises (MSMEs), has raised USD 10 million in ECB (External Commercial Borrowings) from Switzerland-based responsAbility. Founded by Sanjay Sharma, Aye provides unsecured small-ticket business loans to the micro-enterprise segment.
From the Venture Intelligence PE-VC Deal Database: Between Apr 14 and Jun 20, Aye Finance had raised over USD 123 M from A91 Partners, Alpha Wave Global, Maj Invest, CapitalG, Lightrock India, Elevation Capital and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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