Aye Finance provides three loan products ranging from Rs 50,000 to Rs 1,000,000: quasi-mortgage loans, hypothetical loans, and add-on loans.

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Aye Finance, a microlending startup, raised Rs 250 crore ($30 million) in a Series G round headed by Singapore-based ABC Impact.

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Aye Finance's Series F investment round of INR 310 Cr last year December investor British International Investment (BII) was also present.

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The startup has provided loans worth over 7,600 crore ($915 million) to 5,76,000 firms, with a 60% repeat rate.

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In FY23, Aye Finance's revenue increased by 44.5% to Rs 623 crore, resulting in a profit of Rs 54 crore.

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In FY24, the company reported a threefold increase in profit to Rs 161 crore and a 67% increase in revenue to Rs 1072 crore.

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In FY24, the company had Rs 4,500 crore in assets under management (AUM) and a gross NPA ratio of 1.21%.

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It competes with NBFCs like Indifi, Axio (previously Capital Float), Lendingkart, Flexiloans, and others.

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According to a release, the Gurugram-based company has so far raised INR 1,250 Cr in equity through the investment rounds.

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