Aye Finance Receives Investment

Aye Finance, a New Delhi-based provider of financial services to micro and small businesses in Northern India, received an investment of undisclosed amount.

Backers were  Saif Partners and Accion, which made its investment through Venture Lab, a $10m initiative dedicated to providing seed capital and management support to innovative startups expanding financial access to the poor and underserved world.

Co-founded by two veteran bankers, Sanjay Sharma and Vikram Jetley, Aye Finance is a lender that will serve thousands of profitable micro, small, and medium enterprises (MSMEs), which are often excluded from both traditional microfinance and commercial capital.
Aye has already financed over 300 micro businesses representing a number of industries – including shoemaking, garments, textiles, leather, auto components, and others.



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