Fintech lender Aye Finance on Wednesday announced that it has raised about $10.7 million (Rs 87 crore) in debt funding from Swiss impact investor BlueOrchard. Separately, corporate social responsibility (CSR) platform Goodera has raised $10 million in fresh funding.
BlueOrchard invests in Aye Finance
Fintech lender Aye Finance on Wednesday announced that it has raised about $10.7 million (Rs 87 crore) in debt funding from Swiss impact investor BlueOrchard.
In a statement, Aye Finance said that it will utilise the freshly-raised funds to extend affordable and customised credit solutions to businesses in India.
The company is targeting to raise a total of Rs 1,500 crore through debt, of which over Rs 700 crore has already been raised. Aye Finance last raised Rs 65 crore in debt funding from Geneva-based market access platform Symbiotics Investments in September this year.
Other investors in the fintech lending platform include Capital G (erstwhile Google Capital), Elevation Capital, Falcon Edge, A91 Partners, LGT and MAJ Invest, among others.
CSR platform Goodera raises $10m
Goodera, a corporate social responsibility (CSR) platform, has raised $10 million (Rs 80 crore) in a funding round from investors including Zoom Ventures, Elevation Capital, Xto10X Technologies, Nexus Venture Partners, Omidyar Network India, Ursula Burns, and Binny Bansal among others.
“Every team in the world wants to volunteer, but there is insane friction in the process. From finding the right nonprofit to finalising the volunteering activity, logistics, and impact measurement, there are a lot of overheads. We simplify volunteering and eliminate these overheads. Millions of employees can now volunteer without spending time and effort on volunteer management. This fundraise will help us scale our infrastructure to enable millions of employees to volunteer” said Abhishek Humbad, Founder and CEO of Goodera.
Goodera currently executes virtual, hybrid, and in-person volunteering experiences for employees in 100+ countries and 20+ languages across multiple cause areas like access to education, climate change, diversity and inclusion, etc. benefitting 50,000 nonprofits.