Saswat Finance Secures $2.6 Million in Pre-Series A Funding

Saswat Finance, a fintech platform with a focus on providing tech-enabled financial services to India's underpenetrated markets, has successfully raised $2.6 million in a Pre-Series A funding round led by Ankur Capital. Incubate Fund Asia also participated, reinforcing its commitment to Saswat's growth. Saswat Finance plans to use the funds to enhance its technology infrastructure, introduce new financial products, and expand its operations across key Indian states. The company targets the $135 billion dairy industry as its strategic entry point into rural financial services, harnessing data-driven models and alternative data to better serve markets underserved by traditional financial systems. Co-founded by seasoned banking professionals, Saswat aims to blend fintech, agritech, and insuretech to redefine financial service access. The firm collaborates with notable dairy cooperatives, insurers, and lending institutions to expand its reach. This funding round marks a pivotal step in the company's mission to leverage digital transformation in opening opportunities in India's rural economy.