Aye Finance is an online financing firm that provides business loans to the small and micro enterprises across India. It uses innovative credit appraisal methodology coupled with the use of modern workflow automation to make this segment accessible to organized lending. Aye Finance provides customer-centered financial services to micro and small businesses. In March 2017, Aye Finance received a credit facility of $3.1 Mn from SBI.
PRODUCTS & SERVICES:
Provide various types of business loans such as mortgage loans, seasonal loans, term loans and receivables financing for micro enterprises, institutions and small businesses.
Help the companies financially which are locked out of the financial system.
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Micro and small businesses
The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s creditworthiness and provides other related services.
Vikram Jetley, Sanjay Sharma
NUMBER OF EMPLOYEES:
BlueOrchard Finance S A, Triple Jump, MicroVest, CapitalG, SAIF Partners, LGT, State Bank of India, BlueOrchard Finance, Hinduja Leyland Finance, IntelleGrow, IFMR Trust, Symbiotics Group, Triodos Bank, Mahindra Finance, Accion, LGT Impact Ventures, Meera Deshmukh, Ashok Nadkarni, Umesh Gupta, Deepa Pandit, Sumant Mishra, Sanjay Sharma, Vikram Jetley
ACTIVE USERS COMMENT:
The company claims that it provides its services across 72 branches in North, Central, and Southern Indian States and employing over 1000 employees(Jan 2018).
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company is planning to use the funds to expand to newer geographies. (Nov. 2018)
SEED & PRIOR FUNDING:
SEED CLOSED ON:
$3 Millions Closed: Dec 2015
$10.2 Millions Closed: Nov 2016
$21.7 Millions Closed: Jun 2018
As per the source, the company has raised $37 M but by adding up all the funding round amount it gives $35.9 M to date. (Nov. 2018)