MSME lender Aye Finance announces expansion plans for FY 21

After covering 5,500 pin codes in India, Aye Finance plans to expand to 2,000 additional pin codes by the end of FY 2021.

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Aye has leveraged technology to bring efficiency in all its processes, which allows the fintech lender to service the small ticket loan requirements of the grassroots businesses.
NEW DELHI: Aye Finance, backed by Capital G, has announced its plans to expand its presence further in the country by the end of the FY21.

Aye already covers 5,500 pin codes located across the length and breadth of the country, the fintech lender aims to add 2,000 more pin codes by the end of next financial year. The company has disbursed loans to over 200,000 Indian MSMEs.

Incepted in 2014, the company has, till date, disbursed loans worth over Rs 2900 crores and with an asset book of over Rs 1750 crores, the fintech lender says it is well placed to embark on its next phase of growth.


In a statement, Sanjay Sharma, MD and Founder of Aye Finance said, “India’s MSME landscape is growing rapidly, which means that their need for credit is also increasing. Aye was incepted with a vision to solve the credit woes of this sector and we have already serviced the credit needs of over two lakh micro enterprises in over 5,500 pin codes. Our expansion to these additional 2,000 pin codes will further support the growth of this critical sector, which has been contributing substantially to India’s GDP.”

Aye has leveraged technology to bring efficiency in all its processes, which allows the fintech lender to service the small ticket loan requirements of the grassroots businesses. It has now deployed Artificial Intelligence and Machine Learning algorithms in its sourcing and collection processes to bring improved efficacies along with keeping a tight check on its asset quality. These focused efforts have resulted in Aye becoming profitable in the fourth year of its operation along with keeping its NPAs below 2%.

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