Aye Finance eyes IPO in FY26, predicts 55% growth in AUM!

February 14, 2024
1 min read

Aye Finance, a fintech startup, expects its assets under management (AUM) to reach INR 4,200 crore by the end of this year, with a projected growth to INR 5,500 crore by FY2024-25. The company is aiming for an IPO in FY2026. It has maintained a healthy 50% annualized growth rate and has seen a 10-15% year-on-year increase in the average loan size. Aye Finance has served over 800,000 micro enterprises and has disbursed 275,000 new loans this year. The company recorded a net profit of INR 125 crore during the April-December period and expects a full-year profit of around INR 160 crore.

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