The startup provides financing services tailored for micro, small, and medium enterprises through direct lending and co-lending models. By offering targeted working capital and capital expenditure loans, the company enables businesses to meet their operational needs and enhance growth potential.
Funding
$28.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Micro, small, and medium enterprises (MSMEs) often face challenges in securing adequate financing due to limited access to capital and stringent requirements from traditional financial institutions. This restricts their ability to manage operational expenses, invest in growth opportunities, and meet evolving market demands.
Solution
Svakarma Finance is a non-banking financial company (NBFC) that provides tailored financing solutions to MSMEs through direct lending and co-lending models. The company offers a range of loan products, including working capital loans, machinery and asset purchase loans, and specialized loans for women entrepreneurs and businesses in the WASH (water, sanitation, and hygiene) sector. Svakarma Finance adopts a flexible approach to structuring financing solutions, linking repayment schedules to the underlying cash flows of the enterprise. In addition to financial assistance, Svakarma Finance facilitates access to knowledge and network support through strategic partnerships, empowering MSMEs to achieve their full potential.
Target Audience
Svakarma Finance primarily serves micro, small, and medium enterprises (MSMEs) across various sectors in India, with a focus on entrepreneurs seeking working capital, asset financing, and growth opportunities.
Features
- Business loans ranging from INR 2 lakhs to INR 25 lakhs
- Flexible repayment tenures from 12 months to 36 months, with select loans up to 48 months
- Customized loan products for specific needs, including working capital, asset purchase, and supply chain finance
- Specialized "Damini" loans for women entrepreneurs with discounted rates
- "SuryaKiran" loans for financing the purchase and installation of rooftop solar systems
- "Samridhi" loans leveraging GST returns for business expansion
- "WASH" loans for businesses in the water, sanitation, and hygiene sector
- Secured loans against machinery, equipment, insurance policies, FDs, property, and current assets
- Digital application process with OTP-based authentication
- Integration with Bharat Bill Payment Service (BBPS) for easy EMI payments