Gurugram-based Aye Finance raises Rs 125 Cr from Dutch bank FMO
by YourStory 2019-11-22
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source: yourstory.com

Fintech startup Aye Finance on Wednesday said it had raised Rs 125 crore from Dutch entrepreneurial development bank FMO through issuance of non-convertible debentures.


With this fundraising, Aye plans to expand its outreach in providing credit, specifically to women-owned microenterprises in India, the company said in a statement.


Under the deal, FMO will work with Aye Finance to expand their services to women entrepreneurs in the country through a gender finance programme.