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Aye Finance, a prominent fintech company specializing in providing unsecured small-ticket business loans to micro enterprises, has successfully secured a substantial investment of Rs 250 crore in Series G funding. This significant funding round was spearheaded by Singapore's ABC Impact, a renowned impact investor backed by the esteemed investment firm Temasek and the Temasek Trust. The transaction marks a significant milestone for ABC Impact's Fund II, as it represents their inaugural investment from this fund.
The announcement of this investment was made public in a press release issued by Aye Finance. Notably, this round also saw participation from another prominent investor, British International Investment. This UK-based development finance institution and impact investor had previously played a key role in Aye Finance's Series F funding round, which raised Rs 310 crore in December 2023. With this latest infusion of capital, Aye Finance's total equity raised to date has reached a substantial Rs 1,250 crore.
This funding round is a testament to Aye Finance's strong track record and its commitment to empowering micro-enterprises in India. The company's focus on providing accessible and affordable financing solutions to underserved segments of the economy has garnered significant attention from both domestic and international investors. The funding will enable Aye Finance to further expand its reach and scale its operations, thereby providing crucial financial support to a larger number of micro-entrepreneurs.