Aye Finance reaches ₹1,000 cr in AUM

Aye Finance, a CapitalG-backed fintech lender to the MSMEs said on Tuesday that it had reached ₹1,000 crore Asset Under Management (AUM) milestone within five years of inception. CapitalG, earlier known as Google Capital, is the late-stage growth venture capital fund that helps companies grow faster with the support of Google’s resources. Started in 2014, the lender has disbursed ₹1,700 crore to over 1,25,000 micro enterprises so far, said Sanjay Sharma, founder and Managing Director, in a statement. Aye is a pioneer in transforming the micro enterprise financing in India by innovating…

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