New Delhi, Sept 8 (KNN) Aiming at increasing the loan book entry of the Micro, Small and Medium Enterprises (MSMEs) in the country, Gurgaon based Aye Finance in a recent collaboration raised over 7 million dollar funds from the Tridos Investment from Netherlands.

Aye Finance informed that apart from MSME lending and asset book, the company is considering expansion plans by utilizing the received funds.

The company further said that in a period of 3 years, it has been able to extend loans to a good number of MSMEs across the country. With fresh funds, the company will further strengthen its lending towards the micro and small enterprises in the country.

Also, earlier the company raised debt from different organizations including State bank of India, Blue Orchard. Also Last year it raised Series B round of funding from global non-profit and financial inclusion pioneer Accion, SAIF Partners and LGT Impact ventures.

The Gurgaon headquartered company Aye Finance functions in providing credit to MSMEs. It operates through its network of more than 40 branches and cloud based infrastructure.