Aye Finance Secures $30 Mn In Debt From Dutch Development Bank FMO

Aye Finance, on Tuesday, raised USD 30 million in debt funding from FMO, the Dutch entrepreneurial development bank, according to media reports. The funds, amounting to approximately USD 250 crore, will support Aye Finance’s mission to extend loans to underserved micro, small, and medium enterprises (MSMEs) across India.

FMO, known for its mission to empower entrepreneurs and promote sustainable private sector growth in developing countries and emerging markets, continues to be a leading impact investor by backing ambitious projects and entrepreneurs.

Aye Finance reported a significant financial performance in FY24, with net profit nearly tripling to Rs 161 crore and revenue increasing by 67 per cent to Rs 1,072 crore compared to the previous fiscal year, as per media reports.