SANJAY SHARMA, CO FOUNDER & MANAGING DIRECTOR, AYE FINANCE

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• Aye Finance appoints 3 independent directors

  Aye said Gupta has served as the MD and CEO of PNB Housing Finance, while Bhal is the Modi Chair Professor at the Department of Management Studies at IIT Delhi.

  

• Aye Finance posts Rs 38.67 crore profit in Q1 of FY24

  "Our innovative approach, coupled with responsible lending practices and efficient processes across all verticals, continues to fuel our success in serving micro enterprises," said Sanjay Sharma, founder and managing director, Aye Finance.

  

• Aye Finance allocates Rs 100cr for credit to women micro enterprises

  Aye said it has developed Shakti Loan in collaboration with CGAP, a global partnership of more than 30 leading development organisations, including the World Bank, UNDP, and Mastercard Foundation, which works to advance the lives of poor people, especially women, through financial inclusion.

  

• Aye Finance allocates Rs 100 cr for credit to women micro enterprises

  Since its inception, the lender said it has enabled the financial inclusion of over 6.5 lakh micro businesses having disbursed over Rs 7,000 crore to them.

  

• Sanjay Sharma of Aye Finance on challenges in Co-lending

  Watch a quick chat with Sanjay Sharma, MD and CEO of Aye Finance, where he talks about the opportunity and challenges co-lending model brings and how they can be dealt with.

  

• Aye Finance raises USD 10 million through ECB from ResponsAbility Investments

  Mumbai, Dec 1 (PTI) Micro business-focused Aye Finance has raised USD 10 million in external commercial borrowings from Swiss-based ResponsAbility Investments. Aye is backed by CapitalG, Elevation Capital, Light Rock, Alpha Wave, A91 Partners and MAJ Invest.

  

• ‘MSME growth projection encouraging, KYC documentation remains a challenge’: MD, Aye FInance

  Crisil said the bank credit to MSMEs is expected to grow at a ‘reasonable clip’ of 16-18 per cent during current fiscal and FY24. RBI had also said that credit to MSMEs as on 30 September 2022 was 27% higher than the previous year. In an interaction with ETBFSI, MD of Aye Finance, which has been financed Rs 87 crore from BlueOrchard, shared his views on the projection as well as his upcoming plans:

  

• Aye Finance raises Rs 87 crore from Swiss impact investor BlueOrchard

  Fintech lender Aye Finance has raised Rs 87 crore debt funding from Swiss impact investor BlueOrchard and it will use the proceeds to expand finance to mirco enterprises in the country.

  

• Panel Discussion: FinTechs: Why All Roads Lead to Credit

  Every FinTech today wants to operate in the credit space. There is a cut-throat competition where players like BNPL are offering credit without charging a rupee. While the players are hoping that the customer acquisition will lead to a volume game, this panel will discuss whether credit in such a scenario would ever be a successful model.Moderator: Amol Dethe, Editor, ETBFSI. Panelists--Sanjay Sharma, MD & CEO, Aye Finance, Nitin Gupta, Founder & CEO, Uni Cards, Madhusudan Ekambaram, Co-Founder & CEO, KreditBee, Rajat Gandhi, Founder & CEO, Faircent, Souparno Bagchi, COO, Balancehero India, Saurabh Sinha, Sr. Director, Head – FinTech, eCommerce & Non-Lending, CIBIL.

  

• FinTech-NBFC partnerships gaining prominence, say experts

  BNPL has been a major instrument in improving affordability while credit demand will continue see an uptick. Leaders from the FinTech industry, in a conversation with Amol Dethe, Editor, ETBFSI shed light on how the industry’s present scenario and the possible trends in the coming future in a panel discussion at FinNext Summit 2022. Read here to know what the leaders said.

  

• Fintech co Aye Finance aims to raise up to Rs 400 cr equity

  This will be the first equity expansion by the company after the Covid-19 pandemic, chief executive Sanjay Sharma said.