Aye finance expands operation, opens eight new branches in South

New Delhi, July 4 (KNN) The Gurgaon based finance company that specializes in lending credit to the Micro, Small and Medium Enterprises (MSME) has recently opened eight new branches in Southern India.

The new branches are opened in cities including Vijawaywada, Kakinada, Guntur and Rajahmudry in Andhra Pradesh. Also new branches have been set up in Gulbarga and Raichur in Karnataka and Salem and Erode in Tamil Nadu.

With the opening up of eight new branches, Aye Finance now has a total of 14 branches in the south aiming to extend financial services to the micro and small businesses.

Sanjay Sharma, Managing Director at Aye Finance in a press interview spoke of the growth of the organization. He informed that to achieve the projected targets, the company will expand further by opening up forty more branches in the country.

finance recently fetched funding of 8 million dollars from International investment manager Blue Orchard. Also State Bank of India extended credit worth 3.2 million dollars to Aye Finance.

The Gurgaon headquartered company Aye finance operates through more than forty branches across the country. It also has a well maintained cloud based infrastructure in place that facilitates credit to the MSMEs. (KNN/ DA)