Aye Finance, finance company in the micro and small enterprise lending space, is expanding its foot print in UP by opening two new branches in Modinagar and Hapur.
The Company, which was founded with a vision to transform the micro and small scale enterprise financing in India, has very aggressive expansion plans for the year 2017-18 and proposes to open close to 40 new branches this year, strengthening its presence in the existing states of Delhi, Haryana, Punjab, Rajasthan, UP, Karnataka and Tamil Nadu and penetrating into new states of Andhra Pradesh and Madhya Pradesh to deepen its reach.
Founded by professional bankers Sanjay Sharma and Vikram Jetley in 2014, Aye Finance now has 35 branches and a team size of over 500 employees. Aye has successfully made a ground level connect with India’s thriving, albeit underserved MSME sector and offers customised and innovative financial products to match the sectors business needs.
“According to the CRISIL Inclusix Report June 2015, Uttar Pradesh’s level of financial inclusion is ranked “below average”. We at Aye Finance are committed towards including the credit worthy yet financially excluded micro and small enterprises into the ambit of formal lending by making credit easily available and accessible. The two new branches at Modinagar and Hapur will further advance our mission of providing the much needed financial assistance to the MSMEs spread across Uttar Pradesh. It will help us strengthen our foot hold in UP while helping meet the national imperatives of financial inclusion,” said Sanjay Sharma.
Aye Finance has been serving the micro and small enterprises in UP since 2014. It has branches in Agra, Meerut, Firozabad, Saharanpur, Kanpur, Aligarh, Bulandshehar, Mathura and Lucknow.