![]() ![]() ![]() Aye is backed by investors namely Elevation Capital, CapitalG, Alpha Wave Global, Light Rock, A91 Partners and MAJ Invest that support the lender in its mission of creating an inclusive ecosystem for micro entrepreneurs of India. Commenting on Aye's performance, Navroz D Udwadia, Co-founder and Partner, Alpha Wave Global, Aye Finance's equity partner said Aye is serving small SMEs who are deprived of credit from traditional financial institutions and building real moats – a differentiated cluster-based customer acquisition process and disciplined underwriting/ risk management process. ![]() We are now poised for another promising phase and will expand our client base with profitability and positive social impact in FY24," Sharma said. Assets under management (AUM), also referred to as funds under management, is the aggregate market value of all the investments managed by a financial. Assets under management (AUM) refers to the total market value of client funds managed by a person or a financial institution, such as financial advisory firms, brokerages, and mutual funds. "The credit quality has returned to pre-Covid levels and profitability has never been better. The acronym AUM stands for 'Assets Under Management' which refers to the total market value of assets managed by an investment advisor or financial institution, either from one client or many. Sanjay Sharma, Managing Director of Aye Finance said that after the difficult Covid-impacted years, 2022-23 came as an opportunity to get back to high levels of performance. It refers to the total market value of assets being managed by an investment. ![]()
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