Aye Finance founded to transform the micro enterprise financing in India by innovating on the methods that enable effective credit underwriting of the segment. Recently, announced disbursing of loans to more than 200,000 micro enterprises of India. The great milestone has further consolidated Aye’s leadership position in India’s MSME lending segment.

By providing inclusive finance at affordable price to this ‘missing middle’, the company is solving this problem that was considered intractable. Aye Finance has been charting an unprecedented growth story. Incepted in the year 2014, Aye has, till date, disbursed loans worth over INR 2900 crores and has an asset book of over INR 1600 crores.

Commenting on the latest development, Sanjay Sharma, MD and Founder of Aye Finance said,

“Lending to micro enterprises has been a less travelled path for banks and financial companies and hence it is satisfying to have established an innovative paradigm of our lending approach and reaching the milestone figure of 2 lacs loans disbursed. The last 6 years have demonstrated our serious commitment to not only becoming a leader in providing business loans to this excluded sector, but also achieving it in a manner that makes us admired by our stakeholders.”

Aye drew interest from global investors SAIF Partners and ACCION in its first year of operation itself. Both the fund houses invested very early at the small seed round itself and brought with it the recognition of being associated with Private Equity Funds. Since then Aye has raised four rounds of investment and added accomplished investors to its suite of equity partners. Aye is the only finance company in India to be funded by CapitalG (erstwhile Google Capital) and they lead its Series C round and were part of its Series D round, which was led by Falcon Edge.

“The fortunate thing is that the market is extremely large. It is estimated that this market is as large as 16 trillion in the market. What we are doing is going deeper and getting to a larger market share of the market penetration. We will continue on the same growth trajectory and in 5yrs time we plan to build our loan book to INR 5000cr” said Sanjay.