Fintech start-up Aye Finance raised Rs 125 crore in debt from Germany-based Invest in Vision. Founded by Edda Schröder in 2006, Invest in Vision specialises in investments in sustainable agriculture, social enterprises, and social impact lending (social bonds, for example, in the areas of healthcare, education, social housing).

The funding round came in within a week of the company raising Rs 210 crore from CapitalG, Alphabet's independent growth fund, with

participation from Aye's existing investors LGT Lightstone, Falcon Edge Capital, A91 Partners, and MAJ Invest.

According to Sanjay Sharma, Managing Director, Aye Finance will be using the fund to enhance lending for the micro enterprise sector. He further says, "Since our inception in 2014 we have been making affordable loans a reality for the historically credit starved micro enterprises of India. We are grateful for the support we receive from Invest in Vision and other debt partners in helping us realise our mission of creating an inclusive India."

Aye has raised over Rs 690 core in equity and over Rs 2,000 crore in debt through various debt instruments till date, he said.

Founded in 2014 by Sanjay Sharma and Vikram Jetley, Aye Finance claims to have disbursed over Rs 3,000 crore to over two hundred thousand micro enterprises in India so far. It has created a technically enabled process that builds credit insights through a variety of available business, supply chain, and predictive AI driven data models to offer a line of credit to these limits of the pyramid businesses and power their growth.