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CapitalG led a $27.74m Series E round in Aye Finance.

Financials

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Transaction Value£20m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Venture Capital

Private Equity

Completed

India

finance company

Acquisition

Minority

Cross Border

FinTech

Private

Single Bidder

business loans

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Synopsis

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CapitalG, a Google-operated investment firm, led a $27.74m Series E funding round in Aye Finance, a fintech company. Other participants in the round include LGT Lightstone, Falcon Edge, A91 Partners and MAJ Invest. "Closing a major funding round during these times of economic uncertainty reinforces the value that our investors see in Aye Finance. Our deep connect with customers, our engaged team that rates us as a great place to work, our extensive presence on the field, supported with automation, is a huge differentiator that enables us to optimally restrict credit losses. This equity investment will further add to liquidity that will enable us to emerge strong from the COVID-19 crisis and continue to benefit millions of micro-enterprises across India," Sanjay Sharma, Aye Financial Managing Director.

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