Aye Finance, the fintech leader in the MSME lending space will be doubling its team size in the current financial year, taking its number of employees to 1800.
The company has its branches in 100 cities across the sub-continent and with this expansion in the team size it plans to further strengthen its position of supporting the financial inclusion of MSMEs in India.
"We believe we are beginning to challenge the status quo in traditional lending that has so far been an obstacle in the development of the micro-scale ventures in India. By offering them economical sources of funds we are supporting their aspirations for growth," said MD and Founder of Aye Finance, Sanjay Sharma.
Adding to this he said, "We are positive that India's youth and senior leaders will support in our mission of transforming micro enterprise lending in India and in bringing this critical sector into the folds of organized lending."
The expansion in the team size and the branch network is essential to allow the company to continue maintaining its direct outreach with the micro sized enterprises at the grassroots levels. Additionally, as 80% of Aye's recruitment is from the tier 2 and beyond cities, the fintech lender is also addressing the employment challenges facing the youth of these cities.
Aye, which is backed by marque investors CapitalG (erstwhile Google Capital), SAIF Partners, Accion and LGT, is setting new standards in building a quality loans portfolio in an inclusive manner and is well on its way of achieving its vision of being the most admired leader in the micro and small business lending space.
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