Small business lender Aye Finance Pvt. Ltd said it has raised ₹ 125 crore in debt from Dutch development bank FMO — its second such debt infusion in the last three months. FMO said it will work closely with Aye Finance to expand services to women entrepreneurs in the country through a Gender Finance programme. This transaction, where Aye raised non-convertible debentures, was executed by Chennai-based Northern Arc Capital, also an existing investor in Aye Finance.

(Dealstreet Asia)