Aye Finance, which provides MSME financial services, has reached another landmark of Rs 1000 crore in Asset Under Management (AUM), within five years since inception. Aye Finance is backed by eminent investors namely, New York-based investment firm Falcon Edge Capital. CapitalG, LGT and MAJ invest.
The start up has disbursed over Rs 1700 crores to over 1,25,000 micro enterprises. Aye Finance, started in 2014 by Sanjay Sharma and Vikram Jetley, with the aim to provide customer-centered financial services to MSME's, with the knowledgeable team, effective technology and robust processes. These aspects boost up the efficiency in the performance of the MSMEs, which includes sectors like manufacturing, trading, livestock and services. Pioneering in transforming the micro enterprise financing in India, Aye is successfully solving the problem of adequate financing for this credit starved sector.
