2017-07-31 :Aye Finance raises Rs. 10 crore by selling part of SME portfolio to M&M Fin Services
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 company has managed to raise the fund of up to Rs. 100 crore including 10 crore this year. The funds raised will be used to provide loans to the micro, small and medium enterprises (MSMEs).
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