City-based non-banking finance company AYE Finance has closed its Series B round of funding of Rs 70 crore from LGT IV and its existing investors, SAIF Partners and Accion.
Founded in 2014 by Sanjay Sharma and Vikram Jetley, AYE provides loans to micro and small, enterprises across India.
It has 31 branches across seven states and has impacted the lives of more than 2.5 lakh people.
The loans provided by AYE are in the range of Rs 50,000 to Rs 25 lakh.
"I look forward to our association as we take AYE Finance to its next stage of evolution to achieve our common vision of providing comprehensive financial services to small and micro enterprises to power the inclusive growth of the country," Sharma said.
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