Aye Finance

About Aye Finance

Aye Finance Limited is a non-banking financial company (NBFC) headquartered in Gurgaon, India, that specializes in providing business loans to micro and small enterprises across the country. Founded in 2014 by Sanjay Sharma and Vikram Jetley, the company was established to address the significant credit gap faced by millions of micro-enterprises that are often excluded from the formal banking system. Sharma, the Managing Director, has a background in retail lending, and Jetley has experience with HDFC Bank and the National Bank of Oman.

The company's business model is built on a "cluster-based" approach to lending, which assesses the creditworthiness of businesses within specific industry clusters by analyzing cash flows and industry dynamics rather than relying solely on formal financial records. This methodology is enhanced by a digital-first approach that utilizes proprietary machine learning and artificial intelligence models to streamline the entire loan process, from application to disbursement. In March 2026, Aye Finance announced the completion of a pilot program using Generative AI to estimate business sales from store images, further reducing the cost-to-serve and accelerating credit decisions.

Aye Finance serves a diverse clientele in sectors such as manufacturing, trading, dairy, and services. It offers a range of secured and unsecured loan products, including Hypothecation Loans, Mortgage Loans, and the "Shakti Loan," which is specifically designed for women entrepreneurs. Loan amounts typically range from ₹50,000 to ₹1,000,000. The company operates through a wide network of over 398 branches across 22 states and union territories, bringing financial services directly to underserved regions.

Financially, Aye Finance has demonstrated strong growth. For the fiscal year ending March 31, 2026, the company reported a 27% year-on-year increase in Assets Under Management (AUM) to ₹7,044 crore and a 20% rise in annual disbursements to ₹5,169 crore. The company has successfully raised significant equity and debt funding from a variety of investors, including CapitalG (Google), British International Investment, Accion, and Elevation Capital. A Series G funding round in September 2024 raised ₹250 crore, and the company has stated plans for an IPO in fiscal year 2026.