India, June 17 -- Mumbai-based fintech startup Saswat Finance has secured $2.6 Mn (around INR 22.3 Cr) in a Pre-Series A funding round led by Ankur Capital, with participation from existing investor Incubate Fund Asia.

The startup plans to use the fresh capital to strengthen its tech stack, roll out new financial products, and scale up operations across Maharashtra, Karnataka and UP.

Additionally, the proceeds will be deployed to boost Saswat's data and analytics infrastructure and expand its product portfolio.

The startup also said that Incubate Fund Asia has doubled down on its commitment to Saswat in this round.

Founded in 2022 by banking veterans Arun Tiwari, Indrajyoti Bhattacharjee and Ravi Ranjan Chaudhary, Saswat Finance is a ...