Saswat Finance has raised $2.6 million in a Pre-Series A funding round led by Ankur Capital, with participation from existing investor Incubate Fund Asia.
The fresh capital will be used to bolster the company’s technology infrastructure, expand into more rural markets, and launch new financial products targeting smallholder farmers and micro-entrepreneurs.
Founded in 2022 by Arun Tiwari, Indrajyoti Bhattacharjee, and Ravi Ranjan Chaudhary, Saswat Finance provides cattle loans, veterinary care loans, and para-vet services using a tech-first approach. The platform leverages alternative data such as milk production, cash flow trends, and location-based metrics, to offer customised lending and insurance solutions to underserved communities.
The company has built strategic partnerships with major dairy cooperatives such as AMUL, Britannia, Schreiber Dynamix, and Hatsun. It also works with insurers like Iffco Tokio and AIC, as well as lenders including RBL Bank and Ambit Finvest, to enable credit origination, digital collections, and insurance distribution.
Arun Tiwari, Co-founder and CEO of Saswat Finance, stated that the funding will help deepen their reach and scale operations across states such as Maharashtra, Karnataka, and Uttar Pradesh. Investors also praised the company’s data-driven model and execution capabilities, highlighting its potential to transform last-mile rural lending through technology and ecosystem partnerships.
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