Incorporated in 2014, Aye Finance is a non-banking finance company that provides mortgage, hypothecation and term loan services to micro, small and medium enterprises (MSMEs). Photo: MintMumbai: Aye Finance, a Gurugram-based small business loan provider, Thursday said it has raised close to $7 million (Rs44crore) in debt financing from global impact investment manager Triodos Investment Management of the Netherlands. Triodos Investment Management manages investment funds in sectors such as energy and climate, inclusive finance and sustainable food and agriculture, with a total value of €3.3 billion. This is the second foreign investment deal facilitated by IFMR Capital for Aye Finance. In May, IFMR Capital helped Aye Finance raise Rs80 crore from impact investment firm Blue Orchard.

Source: Mint September 07, 2017 15:45 UTC