your password has been reset successfully, Please login again.

NBFC firm, Aye Finance Grabs INR 55 Crore from Securitisation Deal

NBFC firm (non-banking financial company) Aye Finance Pvt. Ltd. has obtained INR 55 crore from DCB bank through a securitisation deal.
BY BEx Bureau
BusinessEx
Aug 01, 2019

Recently, NBFC firm (non-banking financial company) Aye Finance Pvt. Ltd. has obtained INR 55 crore from DCB bank through a securitisation deal, according to a media report.

The company will use the funds to grow its loan book and offer affordable and customised credit solutions to micro enterprises in India, NBFC said in its statement, as reported by the daily news, VC Circle.

Vivriti Capital, which administers a platform for institutional debt, has managed by the transaction.

The company was looking forward to strengthening its relationship with DCB Bank, MD of Aye Finance, Sanjay Sharma told the daily news.

Separately, Founder and MD of Vivriti Capital, Gaurav Kumar said The deal validates the fact that high quality originators across asset classes continue to have the backing of debt markets.

In January 2019, NBFC firm received INR 71 crore from asset management firm, responsAbility Investments AG and Northern Arc Capital in the form of debt funds.

In the previous year, NBFC firm had grabbed INR 147 crore in Series C round from SAIF, CapitalG and LGT Impact Ventures for business expansion.

Please add your Comment
SIMILAR News
August 22, 2019
The stakes were bought by several foreign portfolio investors as well as domestic mutual funds. ...More
By Jaspreet Kaur
August 22, 2019
Online gaming firm, Global eSports has amassed an undisclosed sum in a seed funding round from VC fi ...More
By Jaspreet Kaur
August 21, 2019
The company will employ funds for business expansion and to release a new product, Explorazor. This ...More
By Jaspreet Kaur
August 21, 2019
Software startup, Ally proclaimed to INR 57 crore in Series A funding round led by VC, Accel. ...More
By Jaspreet Kaur
August 20, 2019
MPOWER, which is backed by the PE firm, Zephyr Peacock, will utilise the funds to widen its reach to ...More
By Jaspreet Kaur
August 17, 2019
With Sistema Asia Capital’s investment, the aggregate equity funding of Lendingkart has surged to $1 ...More
By Jaspreet Kaur
August 17, 2019
Investors, who partook in the funding round, were Inventus Capital, Storm Ventures, Emergent Venture ...More
By Jaspreet Kaur
August 16, 2019
Ontario Teachers’ Pension Plan is eyeing on the Indian market for future investments; the pension fu ...More
By Jaspreet Kaur
August 16, 2019
UK-based company sold 67.1 million stakes at INR 480.7 epiece, according to the stock-exchange data. ...More
By Jaspreet Kaur
August 14, 2019
Indian ride-hailing firm, Ola has proclaimed to buy Pikup.ai, an AI platform, which renders tech sol ...More
By Jaspreet Kaur
August 14, 2019
Indian online platform, Tjori has amassed INR 5 crore in pre-Series A round from a cohort of investm ...More
By Jaspreet Kaur
August 12, 2019
The automotive manufacturer’s products comprise telematic devices, instrument cluster, and other dat ...More
By Jaspreet Kaur