Swadesh funding, investors and company details

Swadesh is an emerging Banking and Finance - FinTech startup from New Delhi, working in the space of Offers a neobank platform providing free US FDIC-insured checking accounts, 0% APR credit cards without collateral or fees, AT&T SIM cards with discounted plans shipped to home addresses, and. Founded by Prateek Swain.

Company: Swadesh Sourcing India Private Limited
Sector: Banking and Finance - FinTech
Location: New Delhi
Founders: Prateek Swain
Total funding raised: ₹18.91 Cr

Company overview

Swadesh offers a neobank platform providing free US FDIC-insured checking accounts, 0% APR credit cards without collateral or fees, AT&T SIM cards with discounted plans shipped to home addresses, and cross-border remittances with significant FX fee savings for Indian expats. It integrates with Google Pay, Apple Pay, and Venmo for seamless transactions, facilitates NRE/NRO accounts, custom VISA debit cards, and value-added services like insurance and housing support to establish financial infrastructure pre-arrival. The solution overcomes barriers such as lack of US financial history, unfamiliarity with banking/tax codes, and language issues through partnerships with US and Indian banks.

Funding rounds

Latest round (Pre-Seed): $ 2.25 Mn (₹18.91 Cr.), 2024-10-10. Investors: Khosla Ventures, 8VC, Y Combinator, Section32