# Swara Fincare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swara-fincare

- Industry: Financial Services
- Headquarters: Gurugram, India
- Website: www.swarafincare.com
- Total disclosed funding: $3.1M
- Latest round: Series A (Dec 29, 2023)
- Investors on record: 2

## About

Founded in 2022 and based in Haryana, India, Swara Fincare Limited operates as a fully tech-enabled non-banking finance corporation (NBFC). The company was founded by its CEO, Dev Verma, COO Mukund Madhav, and Sumit Ranjan. In October 2024, Swara Fincare Limited raised INR 194 million in Series A funding led by Unitus Capital and Piper Serica.

Swara Fincare provides financial inclusion to the underbanked population in rural and semi-urban areas by offering customized financial products and services. The company offers business loans, health, and general insurance products. In addition, the firm offers the Swara Fincare Mobile App, which is a mobile application designed to provide a range of convenient features, like real-time loan tracking, EMI payments, account statements, and 24/7 customer support.

The company plans to utilize the October 2024 funding raised to promote financial inclusion for micro and small entrepreneurs, expand its distribution network, and develop its technology platforms.

## Funding rounds

- Series A, Dec 29, 2023, $3.1M — Unitus Capital, Piper Serica

## Investors

- Unitus Capital (https://capitalatlas.ai/funds/unitus-capital) — Series A
- Piper Serica (https://capitalatlas.ai/funds/piper-serica) — Series A