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…

Read More

Mixpanel: iOS 12 adoption rate reaches 75%

The adoption rate of iOS 12 kept increasing at a steady pace, and yesterday it surpassed the threshold of 75%. For comparison, iOS 11 reached the same percentage on December 17, which is about three weeks slower. Data also revealed that one of every 20 iDevices devices is still on versions prior to iOS 11, and most of them are highly unlikely to switch since they are older models in general. iOS 12 vs iOS 11 vs Older iOS Back in the first half of October, Apple boasted that half…

Read More