MSME Lending Firm Aye Finance Raises ₹310 Crore To Expand Geographies

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Aye Finance is a company that focuses on giving loans to small businesses and has successfully raised Rs 310 crore, and this funding was led by British International Investment, a UK-based financial institution.



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What Is Aye Finance?

Now, what is Aye Finance? Founded in 2014 by Sanjay Sharma, Vikram Jetley, and Ashish Sharma, this company specializes in providing loans to very small businesses. 

These businesses often find it hard to get loans from big banks, so Aye Finance helps them out. They offer different types of loans like mortgage, hypothecation, and term loans.


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Growth and Expansion Plans

Well, small businesses form a big part of our economy, but they often struggle to get the financial support they need. Aye Finance is trying to fill this gap. They currently have 395 branches across 22 states and plan to expand even more with this new funding.


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The company has over 330,000 active customers and has given loans to 700,000 businesses so far. Despite this, they believe there's still a huge market left to tap into. That's quite ambitious!


The company has been doing well financially too. They've raised a total of Rs 1,000 crores in equity so far. Just last December, they got around Rs 70 crores from a company in Zurich. They've partnered with several investors over the years, which shows they're trusted in the financial community.


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Bigger Plans For Aye Finance

Looking ahead, Aye Finance has big plans. They're thinking of going public by the Financial Year 2026. Their goal is to increase their Assets Under Management from the current Rs 3,600 crore to Rs 7,000 crore in two years. If they succeed, they might launch an IPO (Initial Public Offering), which is a big deal for any company.

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