Non-bank lender Aye Finance to raise Rs.300-Cr from BII, Waterfield, A91 Partners

CapitalG-backed, Gurugram-headquartered Aye Finance is to raise INR 310 crore by selling shares to British International Investment, Waterfield Advisors and A91 Partners. The non-bank lender will use the funds to scale up operations. British International Investment will put in INR 250 crore for around 9% stake in the company. Waterfield, an independent multi-family office, will invest INR 15 crore, while existing shareholder A91 Partners will infuse INR 35 crore. This is Aye Finance's first equity expansion in two years and first on-boarding of new investors since the Covid pandemic. The firm claims to have disbursed INR 7,600 crore worth loans across 22 states.