👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Indian AI lender Aye Finance secures $12.8m for growth
Aye Finance, a lending technology startup, has raised 110 crore rupees (around US$12.8 million) in debt from investors like Northern Arc, ASK Financial Holdings, MAS Financial Services, and CredAvenue.
The company issued 1,000 non-convertible debentures (NCDs) worth 1 lakh rupees (US$1,165) each in two tranches.
According to Bombay Stock Exchange (BSE) filing, the funds will support its operational expansion.
The fundraising comes as Aye Finance prepares for a proposed 1,450 crore rupees (US$168.97 million) IPO, as outlined in its draft red herring prospectus (DRHP) submitted to SEBI.
Recent Aye Finance developments
| Timeline |
|---|
17-Dec-2024 📈 India’s AI lender Aye Finance seeks $171m in IPO
|
13-Dec-2024 🚀 India’s AI lender Aye Finance to raise $174m via IPO
|
21-Nov-2016 💰 Indian small business lender Aye Fin raises $10m in funding
|
23-Feb-2015 💰 After CapitalFloat, now Aye Finance bags funding to provide loans to startups in India
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.