Accion Exits Aye Finance (Asia)
Posted On: 10 Dec 2018 | Source(s): Accion
Accion Venture Lab, the seed-stage investment initiative of financial inclusion-focused investor Accion, has exited its stake in Aye Finance, an India-based non-banking financial company providing loans to micro, small and medium-sized enterprises. Accion continues to hold a stake in the company through Accion Global Investments, the firm’s later-stage investment vehicle. Accion first invested in Aye Finance in February 2015. Financial details of the transaction were not disclosed.