Aye Finance raises $30 Mn in Series G round

• Aye Finance, a microlending platform, has raised Rs 250 crore ($30 million) in a Series G round led by Singapore's ABC Impact.
• British International Investment, which led Aye's Series F round, also participated in this round.
• This investment is the first from ABC Impact's Fund II, boosting the firm's assets under management to over $850 million.
• Aye Finance now operates in 398 locations across 22 states in India, offering loans to micro and small enterprises.
• The company reported a 67% increase in revenue to Rs 1072 crore for FY24, with profits tripling to Rs 161 crore.

Source: Entrackr