Ravi Ranjan Chaudhary (Saswat Finance)
Overview
Ravi Ranjan Chaudhary is an Indian entrepreneur and co-founder of Saswat Finance, a fintech platform focused on providing financial services to rural areas in India. Saswat Finance, founded in 2022 alongside Arun Tiwari and Indrajyoti Bhattacharjee, aims to bridge the financial inclusion gap in underserved regions by leveraging technology and alternative data. The company offers tailored credit and insurance products using innovative data inputs such as milk production trends and geographic indicators.
Recent Developments
In recent years, especially in 2025, Saswat Finance has been actively expanding its operations and securing substantial funding to bolster its offerings, as noted in several notable events:
- June 2025: Saswat Finance raised $2.6 million in a pre-Series A funding round led by Ankur Capital, with participation from Incubate Fund Asia. The funds are earmarked for technological advancement, the development of new financial products, and expansion across Maharashtra, Karnataka, and Uttar Pradesh. Saswat Finance aims to enhance its data and analytics infrastructure to better serve its rural clientele.
- Saswat Finance's approach includes partnerships with major players such as dairy cooperatives Amul and Britannia, insurers like Iffco Tokio, and lenders such as RBL Bank to expand its distribution capabilities. This strategic alignment highlights Saswat's intent to integrate financial services within the existing rural economy fabric.
- The fintech company has reportedly onboarded over 6,000 customers and facilitated the disbursal of more than ₹55 crore in asset-backed loans, showing significant progress toward its mission of financial inclusion.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Ravi Ranjan Chaudhary |
| Nationality | Indian |
| Occupation | Entrepreneur, Co-founder of Saswat Finance |
| Known For | Co-founding Saswat Finance, a rural fintech platform |
| Education | Details not specified in available sources |
Early Life and Education
The specific details of Ravi Ranjan Chaudhary's early life and educational background are not extensively documented in the public domain. However, as an entrepreneur in the finance sector, it can be inferred that his academic background and career have likely been influenced by a strong foundation in finance, economics, or a related discipline. Given his role in co-founding Saswat Finance, his career path suggests substantial experience in banking or financial services, which is essential for understanding the intricacies of fintech solutions adapted for rural markets.
Career and Notable Achievements
Ravi Ranjan Chaudhary's professional journey is marked by his strategic role in establishing Saswat Finance, a notable fintech enterprise in India. Saswat Finance operates at the intersection of fintech, agritech, and insurtech, aiming to redefine access to financial services in rural India. The company's notable achievements include:
- 2022: Co-founded Saswat Finance alongside Arun Tiwari and Indrajyoti Bhattacharjee.
- Successfully raised multiple rounds of funding, including the recent $2.6 million led by Ankur Capital.
- Developed a platform using proprietary technology to assess risk and provide financial services based on alternative data such as cash flow trends and geographic factors.
- Established partnerships with major cooperatives and insurance providers, enhancing the outreach and capabilities of Saswat's financial services.
Current Work and Impact
Currently, Ravi Ranjan Chaudhary focuses on scaling Saswat Finance’s operations across various states and improving its technological framework to cater to more rural enterprises and smallholder farmers. By integrating financial services with local insights and technology, he aims to transform the access to credit and insurance in rural landscapes, impacting livelihoods profoundly.
Conclusion
Ravi Ranjan Chaudhary's contribution to the fintech landscape through Saswat Finance is significant, especially in promoting financial inclusion in rural India. By leveraging innovative data-driven solutions, Saswat Finance under his leadership has made notable strides in addressing the financial needs of an often overlooked segment. As the company continues to expand its footprint and evolve its technological capabilities, Ravi Ranjan Chaudhary is poised to make a lasting impact on the financial accessibility and economic empowerment of rural populations.