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Rural India-focused fintech startup Saswat Finance has raised $2.6 million in a funding round led by early-stage investor Ankur Capital, with existing backer Incubate Fund Asia participating.
The Mumbai-based startup will use the capital to expand its technology capabilities, roll out new financial products, scale operations across Maharashtra, Karnataka, and Uttar Pradesh, and strengthen its data and analytics infrastructure.
“India’s rural economy holds immense potential. However systemic barriers like informal lending, inadequate documentation,…
