Swadhaar Finserve Pvt. Ltd.

Swadhaar Finserve Pvt. Ltd. is a financial services company focused on enhancing financial inclusion, providing microfinance solutions, savings products, and financial literacy programs to underserved populations in India. Founded in 2008 and headquartered in Mumbai, India, Swadhaar Finserve Pvt.

Ltd. specializes in financial services aimed at underserved communities. The company has completed 6 deals, with the latest being in June 2018 when RBL Bank Ltd. acquired Swadhaar.

The total amount raised to date is INR 275. 00 mn, supported by investors such as Accion, Elevar Equity, MicroVest, and The Michael and Susan Dell Foundation. The details regarding the founder are not available. Swadhaar offers a variety of financial services and products to promote financial inclusion.

Their core offerings comprise microfinance solutions, savings products, and financial literacy programs aimed at empowering individuals and small businesses. These services are tailored to provide affordable access to credit and savings options primarily in urban and semi-urban areas of India, thereby supporting economic stability for low-income households and entrepreneurs. In the most recent fiscal year of 2024, Swadhaar reported a revenue of INR 68,106,483. 80 and an EBITDA of INR 13,954,160.

10. Their revenue model includes interest income from microloans and fees from financial literacy programs, along with partnerships with local businesses to broaden service reach and customer engagement. Following the acquisition by RBL Bank Ltd. in June 2018, Swadhaar Finserve intends to expand its service offerings and geographic presence.

Plans include launching new financial products aimed at enhancing customer reach, with specific details on release dates yet to be announced. The funding of INR 275. 00 mn from the latest round will be utilized to bolster these initiatives and support entry into additional markets within India.