NBFC Swara Fincare has secured Rs 19.4 crore ($2.3 million) in a Series A funding round.
The funding will be used to advance financial empowerment for micro and small business owners, expand distribution network, develop innovative products, and enhance technological platforms.
Swara Fincare collaborates with NGOs, government agencies, and other organizations to provide financial literacy programs, training, and mentorship.
The company operates in multiple states and has received debt support from over 30 financial companies and banks.