Your comprehensive source for Aye Finance press coverage, corporate events, updates and more
Aye Finance ranked 3rd amongst the Best Companies to Work 2025, by Great Place to Work Institute, a globally recognised authority in creating, assessing, and identifying the best workplaces.
Net profit of Aye Finance rose 14.13% to Rs 40.70 crore in the quarter ended March 2025.
This collaboration aims to digitally transform Aye Finance’s debt collection and resolution processes using Credgenics' advanced technology.
Aye Finance Secures Rs 250 Crore in Series G Round Led by Singapore's ABC Impact
Aye Finance’s CHRO Ankur Sharma Announces Ambitious Plan to Recruit Over 1,000 Employees in the Next Two Years
Aye Finance raises about $25 million from Goldman Sachs (India) Finance
Aye Finance Targets Over Doubling AUM and Tripling Profits by FY27
Aye Finance Prepares for IPO, Set to File Draft Papers by Late October
Sanjay Sharma, MD & CEO of Aye Finance, shares his views on Union Budget 2024
Aye Finance MD & CEO Sanjay Sharma Highlights Benefits for Organized SMEs from Enhanced MUDRA Loan Limits and Credit Guarantee Schemes
Aye Finance CFO Krishan Gopal Optimistic About MSME Growth Ahead of Union Budget 2024
Aye Finance Secures $30 Million Debt Funding from FMO, Featured on CNBC TV18
Aye Finance Secures $30 Mn In Debt From Dutch Development Bank FMO
Aye Finance posts nearly 3-fold jump in profit to Rs 161 crore in FY24
Aye Finance Net Profit Rises Nearly Threefold To Rs 161 Crore In FY24
Aye Finance disclosed its financial year 2023-24 results with a PAT of Rs 161 crore
Aye Finance CHRO Ankur Sharma Emphasizes Fair Appraisals, Transparency, and Consistent Feedback Across 500 Locations Nationwide
Aye Finance featured in Forbes India for addressing a significant market gap by providing loans ranging from ₹1 lakh to ₹3 lakh to micro-entrepreneurs.
Aye Finance’s COO Ujual George Highlights Success of Phygital Model in Managing Credit Risk with 6,000-Strong Workforce Across 450 Branches.
Sanjay Sharma, Aye Finance MD, shared FY25 performance parameters and forecasted a 40% AUM increase next fiscal, with IPO plans in FY26.
Aye Finance secured Rs 137 crore debt funding from German firm Invest in Visions to aid micro and small businesses in India.
Ankur Sharma highlighted the lag in HR technology evolution compared to Artificial Intelligence and Machine Learning.
Sheena Sakhuja, Director, FAME, shed light on FAME's proactive efforts in addressing the non-financial obstacles faced by grassroots businesses.
Sanjay Sharma, the company’s founder and Managing Director spoke about plans for an IPO.
Aye Finance reached a milestone of Rs.10,000 crore loan disbursal to micro enterprises
WION featured Aye in its video series “Billion Dollar Idea”.
Ankur Sharma, CHRO, Aye Finance shares his thoughts on feasibility of 70 Hour work week.
Tejamoy Ghosh, Head of Data Science and AI at Aye Finance, discusses AI's impact in BFSI sector.
Sanjay Sharma, Managing Director & Chief Executive Officer of Aye Finance shares inputs on how we are addressing supply chain financing gap.
Spearheaded by British International Investment, the Series F funding round also saw participation from Waterfield Fund of Funds and existing investor A91 Partners.
CNBC Live invited Sanjay Sharma, MD & CEO of Aye Finance to speak about the Series F fund raise.
Sanjay Sharma, MD & CEO of Aye Finance unveils how Aye Finance is reshaping the landscape of financial support for small businesses in India while delivering a presentation on transforming Micro Enterprise lending in India.
Sheena Sakhuja head of Corporate Impact Dept talks about the impact created in the lives of women shoe artisans of Agra through FAME’s Shoe Artisan Program
Ankur Sharma, CHRO, Aye Finance, shares inputs on reducing average hiring cost.
Sanjay Sharma, MD & CEO of Aye Finance shares that during the festive season, supply chain financing can empower India's MSMEs by enabling them to access working capital quickly.
Aye Finance eyes 70 percent jump in FY24 borrowing at Rs 3,400 crore.
FAME Aye Finance’s CSR arm announced partnership with Banas Dairy (A Unit of Amul).
Aye Finance appoints 3 independent directors.
Sanjay Sharma, MD & CEO of Aye Finance stressed that startups and MSMEs are indispensable to India’s economy and are regarded as the engines of socio-economic transformation.
Business World carried a profiling story in their magazine on how Aye is revolutionizing financing for the under-served sector of micro enterprises.
Aye Finance has an aggressive target of hiring over 300 students who are 12th pass. The company also sponsors their education and monitors their study status as well.
Aye Finance reported a profit of Rs 38.67 crore in Q1 FY24. Sanjay Sharma, MD & CEO, said that the strong performance in Q1 is a reflection of the company's commitment to driving economic growth and meaningful change.
Sanjay Sharma, MD & CEO of Aye Finance stated that the company's expansion will primarily be fuelled by the provision of micro loans to micro-enterprises.
Aye Finance received a grant of Rs 2 crore from Transform, a joint initiative of Unilever, UK’s Foreign, Commonwealth and Development office, and Ernst & Young to provide unsecured small-ticket loans to credit-starved kirana stores in the country.
Rebounding from a loss in the year before, Aye Finance, made a remarkable turnaround in FY23, as revenue, loan book grow.
Aye Finance developed Shakti Loan in collaboration with CGAP, allocating Rs.100 Cr in current financial year to extend credit to women micro enterprises.
Sanjay Sharma, MD draws attention on how NBFCs are building sustainable business over Co-Lending
Aye Finance, focused on providing unsecured small ticket business loans to microenterprises, saw a growth of 56% in its loan book in 2022-23
Along with affordable finance the fintech lender also provides non-financial services to the underserved sector through its Section 8 Company FAME.
Sanjay Sharma, MD, advocates for increased lending to micro-enterprises by banks & NBFCs.
Sanjay Sharma, MD, talked about how the upcoming year could mark a crucial turning point for India, and it's crucial for the budget to prioritize growth and stability.
Aye Finance to open 87 branches, expanding its presence in 396 locations in 22 states.
Tejamoy Ghosh, the Head of Data Science and AI, shared his invaluable advice to businesses, advocating a phased and graded implementation strategy to minimize major disruptions during deployment.
Sanjay Sharma, MD, Aye Finance interviewed by ETBFSI’s Editor, Amol Dethe on Aye Finance’s growth story.
Quote from Sanjay Sharma, MD, Aye Finance on how HR Tech is a key enabler in assisting firms in adjusting to the new normal.
Aye Finance raised USD 10 million in external commercial borrowings from Swiss-based ResponsAbility Investments.
Aye Finance recorded a profit before tax of Rs.27.8 crore in the fiscal first half ended September.
Fintech lender Aye Finance raised Rs 87 crore debt funding from Swiss impact investor BlueOrchard.
The Digital India movement has led to the widespread adoption of digital technology. Aye Finance was featured as one of ventures that have emerged as trade facilitators.
In an exclusive interaction with ET HRWorld, Ankur Sharma, HR Head, Aye Finance, talks about how the company is planning to expand its team, introduce initiatives and upskill its employees.
Aye Finance, a non-bank lender to micro and small enterprises raised Rs 65 crore in external commercial borrowing from Symbiotics Investments
In an interview with TechGraph, Sanjay Sharma, Managing Director of Aye Finance said, “Technologies like AI and RPA can also assist NBFCs with quick decision-making.”
Celebrating high performing start-ups that are geared to help realize the $5-trillion economy dream. Aye Finance won the Soonicorn award, for its outstanding contribution to the startup ecosystem.
Within the first year of its inception completed disbursement of 428 files. This year, the company has received its official license as a Non-Banking Financial Company (NBFC).
Sanjay Sharma, Managing Director, Aye Finance, speaks about Aye Finance, a new-age non banking finance company is eyeing 50 per cent loan book growth this fiscal
Ankur Sharma, Head HR talks on creating digital-ready, cross-skilled talent at Aye Finance
Sanjay Sharma, Managing Director, Aye Finance, speaks on some of the issues women entrepreneurs usually face, and what could be done about it.
Sovan Satyaprakash, Head Strategy, Aye Finance, writes about the role of NFBCs in the growth of micro- entrepreneurs and the failure banks in catering to the funding requirements of micro enterprises at @BusinessWorld.
Tejamoy Ghosh, Head Data Science and A.I., writes about the Fintech companies lending in markets where adequate credit history, banking records, and tax-filing records, etc., are not available, especially rely on such alternative lending scores for their underwriting.
Sanjay Sharma, MD, Aye Finance talk about how can we enable greater access to finance for MSMEs and reduce roadblocks, increase their competitiveness in a global economy and increase their ability to stay operational.
AI/ ML is proving to be a valuable tool in helping Fintechs not only drive efficiency and profitability, but also in enabling the financial inclusion of micro-enterprises- a sector that has suffered decades of discrimination and exclusion from formal lending channels in the country.
Aye Finance is the only scaled, pan- India player providing unsecured small- ticket business loans to a large credit- starved micro- enterprise segment. Our team has cracked this difficult-to-lend segment with our unique cluster-based appraisal approach and optimally digitalized phygital model.
Aye Finance has announced a debt raise of INR 75 crores from leading global impact investment manager, Triple Jump BV and Northern Arc. The company aims these funds for on-lending. Aye Finance was incepted in 2014 and since then has disbursed over INR 5000 crores to over three and a half lakh micro enterprises.
In discussion with Financial Express, Sanjay Sharma, MD, Aye Finance talks about the company’s cluster-based credit appraisal approach and phygital model that bridges the gap between MSMEs and organised lending norms.
Sanjay Sharma, MD, shares detailed insights into how the company plans to continue on this trajectory in the coming year as well, strengthening its presence and bringing a larger number of micro entrepreneurs into the folds of formal economy.
Aye Finance has announced its plan to hire over 1000 employees in Tier 2 and beyond citiesby mid-December 2021 taking the headcount to 4,800 employees. Aye has been on a rapid expansion and has opened 100 new centres in the current financial year taking its presence to 311 centres in 20 states.
Aye Finance has been expanding its footprint and has announced the opening of 100 new centres by November 2021, taking its geographical footprint to 311 centres in 20 states.
Aye Finance plans to raise capital of about $40–50 million in a Series F round in January–March 2022 to fund business growth, “Since markets are now good, we will look at raising some equity money this fiscal and probably in the Jan-February period in the second half,” says Sanjay Sharma, MD, Aye Finance.
Sanjay Sharma, MD, Aye Finance, was featured in October 2021’s issue of Entrepreneur India magazine. In the article, Sanjay Sharma talks about how micro-enterprises play a vital role in our economy yet are still denied traditional funding from banks.
Aye Finance is planning to raise Rs 350-400 crore equity as part of its business growth strategy for the next two years. This will be the first equity expansion by the company after the Covid-19 pandemic, says Sanjay Sharma, MD.
The effects of the pandemic and its adjacent disruptions are bound to last for many years. Investing resources into shatter-proofing the organization against challenges is the biggest need of the hour. Ankur Sharma, Head – HR, weighs in on how the work culture has evolved in the BFSI sector post-Covid-19
Over 10,000 organisations from 60 countries have been evaluated by the Great Place to Work institute as they strive to improve workplace culture and practices. Aye Finance has ranked 4th amongst India’s best places to work for.
Aye Finance ranked 4th among India’s Best Companies to Work for 2021. Aye was also ranked 1st among NBFCs in India and 1st in the BFSI sector as well.
Ankur Sharma, Head of HR, talks about relooking the employee experience in the light of the pandemic, and what comes next in the transitioning times. “Aye Leadership has decided that even our COVID-specific benefits must extend beyond the pandemic and set a precedent for a better understanding of wellness benefits at the workplace,” he says.
Business loans are indispensable in catalyzing the expansion and diversification of businesses. This authored article breaks down the ways of procuring business loans for the reader and attempts to create an understanding of the process and the various aspects that come into play.
Gaurav shares his take on the deployment of AI and Machine Learning in the FinTech industry and future of the CTO rule in the coming times.
In a short span of time Aye has developed and deployed AI/ML solutions in most of our critical business processes. We use artificial intelligence to drive non-linear growth, enhance efficiency and profitability through digitalisation and embed state-of-the-art data-driven decision-intelligence across all key business processes.
Ujual brings with him an experience of two and a half decades of Leadership roles in the BFSI sector. At Aye Finance he would be responsible to drive risk management capabilities and drive operational transformation.
The outlook for 2021 will be predominantly about COVID-19 after-effects and new avenues of innovation in products, processes, and technologies. The year and beyond will now test the resilience of the business models and prudent strategic initiatives of the industry players which will drive growth.
The outlook for 2021 will be predominantly about COVID-19 after-effects and new avenues of innovation in products, processes, and technologies. The year and beyond will now test the resilience of the business models and prudent strategic initiatives of the industry players which will drive growth.
Over the last decade or so AI and Machine Learning has become relevant almost to the degree of indispensability to forward thinking organizations across industries. As always Financial Services have been among the frontrunners in adoption and deployment across most if not all aspects of their business.
In the fintech space, one of the startups to have bagged big-ticket funding during the lockdown is lending company Aye Finance. From the second round of investment from Google’s investment fund Capital G to fresh funds from Germany-based impact investor, Invest in Vision, the last few months have kept the six-year-old startup busy.
The growing world of MSME lending is also deriving value from the advancements being made in AI. They are using machine learning to make improved lending decisions in the absence of business documentation by consolidating data points from various social and demographic sources.
Gurugram-based Aye Finance Pvt. Ltd managed to raise funding in the coronavirus pandemic. Read More
Gurugram-based financial services startup Aye Finance doubled its revenues and increased its loan book from 1,047 Cr to 1,800 Cr in the financial year 2020, the company’s cofounder and managing director Sanjay Sharma revealed.
Aye Finance, a new-age non-banking finance company, is hopeful of clocking 25-30 per cent growth in its overall loan portfolio this fiscal year provided things settle down on the Covid-19 front by September, a top official said.
Covid-19 was a big shock for the NBFC industry that was emerging from a slowdown and a liquidity crunch from last year. Looking at the uncertainty, Aye Finance CFO is optimistic about the future, trust the resilience of its customers but still fears the unprecedented times. Meanwhile, he has also reduced his fundraising plans by 50% for this financial year.
During the pandemic we have maintained contact with our customers through our in-house Customer Service Tele calling team, which has been educating the customers on the benefits of meeting their EMI obligations along with providing them guidance and information through this time of disruption
Covid-19 was a big shock for the NBFC industry that was emerging from a slowdown and a liquidity crunch from last year. Looking at the uncertainty, Aye Finance CFO is optimistic about the future, trust the resilience of its customers but still fears the unprecedented times. Meanwhile, he has also reduced his fundraising plans by 50% for this financial year.
For new businesses we will look at where businesses have stabilized and there are segments where the effects are lesser as a lot of our branches are in green zones.
The Government of India announced a broad set of fiscal stimulus measures to stabilize Indian economy affected by the pandemic. We too have offered our customers a moratorium on our loans as per the company policy and are also designing credit offerings that will be of value to our customers.
Rs 180 crore was raised in debt over a period of 15 days from lenders in India and abroad. The fund raise comes amidst India being in a 21-day lockdown which has severely impacted economic activity and has caused disruption to MSMEs
The next two quarters will be a test of resilience for large as well as small businesses across India. NBFCs that have invested in the delinquency management system and automation and who have a clear process for managing delinquencies will be less impacted.
The 60 million micro enterprises that contribute 37% of GDP, employ over 110 million people and grow faster than our rate of GDP growth, are now at an existential challenge. If the problem is not managed effectively, there could be a significant part of these micro MSMEs may have to shut shop
After covering 5,500 pin codes in India across the length and breadth of the country, Aye plans to expand to 2,000 additional pin codes by the end of FY 2021. The fintech lender says it is well placed to embark on its next phase of growth.
Aye Finance raises $10million in debt funding from responsAbility Investments AG and Northern Arc Capital through the issuance of non-convertible debentures.
Aye Finance, a CapitalG-backed fintech lender to the MSMEs has reached ₹1,000 crore Asset Under Management (AUM) milestone within five years of inception.
Aye Finance, a non-banking finance company focussed on lending to micro enterprises, has set up a not-for-profit company, FAME (Foundation for Advancement of Micro Enterprises). It proposes to run its Corporate Social Responsibility (CSR) interventions through this entity.
MSME lender Aye Finance has raised ₹233.62 crore in Series D equity round, led by New York-based investment firm Falcon Edge Capital.
Aye Finance is aiming to grow their loan book to INR 5,000 Crores in the next 5 years.
In a deal syndicated by Northern Arc Capital, Aye Finance raised Rs 20 Crores in Non-Convertible Debentures to offer affordable and customized credit solutions to MSMEs in India.
Aye Finance, a Gurgaon-based digital lending startup for small and medium businesses, has raised Rs 70 crore in debt funding from social impact fund BlueOrchard to help expand to newer geographies in the hinterland and disburse more actively to its existing borrower base.
Fintech player AYE Finance was founded in 2014 by Sanjay Sharma and Vikram Jetley to transform micro and small scale enterprise lending in India. Four years into its existence, the start-up claims to have grown at an amazing compounded annual rate of over 350% in the last three years.“We will continue to grow at a rate of 100% in the next two years,” said Sanjay Sharma, MD & CEO, Aye Finance.
Sanjay Sharma says he was impressed by the resilience of MSME segment and how it had managed to stay afloat and contribute to the Indian economy, despite battling inaccessible funding and repayment challenges
Aye Finance has raised $10 million (INR 68.7 Crore) in debt funding from global impact investment managers, Triple Jump BV and MicroVest Capital Management, LLC! This is the 10th round of funding for Aye Finance this year, bringing our cumulative debt funding to INR 255 Crore since January this year.
Aye Finance raises $22 million in its Series C round of funding, led by CapitalG, the venture capital fund owned by Alphabet Inc.
Aye Finance has disbursed 60,000 loans since its inception in 2014, to micro and small enterprises giving out a total of Rs 700 crore.
Aye Finance has raised Rs 30 crore in a fresh round of debt funding from SBI.
Aye Finance’s credit assessment method is based on data points from industry-specific clusters.
Aye Finance is the latest to raise a fresh round of Rs 30 crore from Swiss-based impact investor BlueOrchard Finance. BlueOrchard has already invested more than Rs 100 crore in Aye Finance since 2017.
Aye Finance raised Rs 25 crore through a securitization deal from investors including Hinduja Leyland Finance and IntelleGrow. The deal was facilitated by Vivriti Capital.
Aye Finance has raised Rs 40 crore in debt funding from IFMR Capital.
Netherlands based Triodos Bank has subscribed to INR 44 crore NCD issue of Aye Finance.
Geneva-based development finance institution Symbiotics Group has led a Rs 32 crore debt funding round in micro and small sector lender Aye Finance.
Aye Finance wants to mop up $25-40 million in next round to fuel its expansion plans.
Aye Finance, a startup focused on giving loans to small and medium enterprises, has raised Rs 10 crore by selling part of its SME loan portfolio under a securitisation deal to Mahindra & Mahindra Financial Services. The deal was facilitated by IFMR Capital.
Aye Finance was recently featured in The Economic Times and Times of India, in relation to the new funds raised via Blue Orchard, a leading global impact investment manager.
Aye Finance on Wednesday announced receiving of Rs. 20 crore from State Bank of India for on-lending and getting approvals for sanctioned credit facilities.
Seen as one of the biggest tax reforms post independence in 1947, the Goods and Services Tax (GST) is set to bring forth unprecedented transformation of the Indian economy. There is a lot of conjecture around whether our markets are strong enough to sustain the impact of a radical change of this magnitude, even when the country is reeling from the after effects of demonetization.
In order to empower the expansion of the Indian MSME sector , Aye Finance is delivering business loans against mortgage or simple hypothecation accessible to India’s thriving and underserved MSME sector.
Non-banking financial company AYE Finance has closed a Rs 70 crore round of equity funding, led by impact investment firm LGT Impact Ventures, with existing backers SAIF Partners and Accion also participating.
Aye Finance, an India-based lender for the profitable micro, small, and medium enterprises (MSMEs), has raised $1 million investment from SAIF Partners and Accion. Earlier this month, SAIF Partners also participated in the $13 million investment round of Capital Float (with Sequoia Capital).
Delhi-based non-banking finance company Aye Finance has raised Rs 20 crore in a new round of funding from existing backers, venture and growth capital investor SAIF Partners and financial inclusion-focused firm Accion.