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13/02/2020 12:19pm

Aye Finance disburses loans to 2 lakh Indian MSMEs

image Aye Finance disburses loans to 2 lakh Indian MSMEs

New Delhi, Feb 13 (KNN) Aye Finance, a new-age fintech lender has announced disbursing loans to more than 2 lakh micro enterprises worth Rs 2,900 crores till date.

The great milestone has further consolidated Aye’s leadership position in India’s Micro Small and Medium Enterprises (MSME) lending segment.

Commenting on the latest development, Sanjay Sharma, MD and Founder of Aye Finance, on Tuesday said, “Lending to micro enterprises has been a less travelled path for banks and financial companies and hence it is satisfying to have established an innovative paradigm of our lending approach and reaching the milestone figure of 2 lacs loans disbursed.''

''The last 6 years have demonstrated our serious commitment to not only becoming a leader in providing business loans to this excluded sector, but also achieving it in a manner that makes us admired by our stakeholders,” he added.

Incepted in the year 2014, Aye an asset book of over Rs 1600 crores.

The unprecedented success in the MSME lending segment has also propelled Aye to transition from a start-up to a mid-sized company in a short span of 6 years. The lender has a presence in 18 Indian States / UTs through its 173 branches employing over 3000 employees. It is the only Indian finance company to be funded by CapitalG, and has marque investors including SAIF Partners, Falcon Edge, Accion, LGT and MAJ Invest part of its investor suite.

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