Swara Fincare funding, investors and company details

Swara Fincare is an emerging Banking and Finance startup from Gurugram, working in the space of Operates as a registered Non-Banking Financial Company (NBFC) focused on financial inclusion for under-banked populations in rural and semi-urban areas. Founded by Dev Verma, Mukund Madhav, Sumit Ranjan.

Company: Swara Fincare Limited
Sector: Banking and Finance
Location: Gurugram
Founders: Dev Verma, Mukund Madhav, Sumit Ranjan
Total funding raised: ₹19.4 Cr

Company overview

Swara Fincare Limited operates as a registered Non-Banking Financial Company (NBFC) focused on financial inclusion for under-banked populations in rural and semi-urban areas. The company provides customized financing solutions to stage entrepreneurs, including business loans, livestock microfinance, personal loans, and consumer durable loans, alongside life, health, and general insurance products. It emphasizes technology-driven delivery with robust credit underwriting, financial literacy programs, and partnerships with NGOs and government entities to support economic upliftment through training and mentorship. Swara targets sectors like dairy farming and small businesses to facilitate access to formal financing.

Funding rounds

Latest round (Series A): ₹19.40 Cr. ($ 2.31 Mn), 2024-10-09. Investors: Serica Angel Fund, UC Impower