AYE Finance Completes US$10 Million Series B Round from LGT Impact Ventures and Others (Asia)

Source: Accion

LGT Impact Ventures, the impact investment arm of LGT Group, has led an INR700 million (approximately US$10 million) Series B round for India-based micro-enterprise lender AYE Finance. Venture capital firm SAIF Partners and Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, also participated. AYE Finance will use the new funding to further expand its loan portfolio across India.