Rasima Swarup

Rasima Swarup

Senior Consultant & Program Lead, ASIF

Rasima is the Program Lead for the Adaptation SMEs Innovation Facility (ASIF), a five-year climate adaptation facility implemented by UNIDO in collaboration with BFA Global and funded by the Adaptation Fund. She is responsible for its design and its rollout across Africa, Latin America, and Asia, including its two support tracks: Ignite, which takes founders from an untested prototype to early proof points through masterclasses, labs, and in-field testing, and Propel, which pairs performance-based grants with venture-building support for growth-stage ventures.

Across a 15-year career spanning more than 20 countries, Rasima has designed and run support for early-stage enterprises across the innovation continuum, from idea stage through pre-seed and growth. As a core architect and Head of Strategy and Operations at Catalyst Fund, she helped design and scale the startup support models that backed 50+ ventures across 14 emerging markets, which had raised more than $600M in follow-on capital by the end of her tenure in 2024. She also directed TECA (Triggering Exponential Climate Adaptation), a venture launcher serving climate-vulnerable communities in Africa, and earlier worked with CGAP on customer-centricity frameworks and with Deloitte in India and Australia on identity governance solutions for financial institutions.

Her technical expertise includes designing and operating startup support models across stages, impact measurement, and the practical application of AI in early-stage venture building, particularly in climate adaptation and resilience and inclusive finance. Rasima holds a Master of Arts in Law and Diplomacy in international business and development economics from The Fletcher School at Tufts University, and a Bachelor of Engineering in Computer Science from Manipal University, India. She is conversant in English and Hindi.

Publications by this author

Learning From Our Past: Successful Ecosystem Evolutions Follow a Common Path
Climate Action |

Learning From Our Past: Successful Ecosystem Evolutions Follow a Common Path

In early 2021, BFA Global, CGAP, UNCDF’s Better than Cash Alliance, PayPal, the UN’s Race to Resilience, and the...

By Bethany Kanten
Why we invested: HealthDart is providing accessible, affordable healthcare services to townships in South Africa
Inclusive Fintech |

Why we invested: HealthDart is providing accessible, affordable healthcare services to townships in South Africa

Approximately 615 million people in Africa (~52% of the population) face either nonexistent or fragmented access to healthcare. Yearly,...

By Rasima Swarup
Investor guide to remote due diligence for inclusive fintech startups
Inclusive Fintech |

Investor guide to remote due diligence for inclusive fintech startups

  For investors, the COVID-19 pandemic forced a remote approach to the due diligence process. As a result, investors...

By Rasima Swarup
Beyond credit: 3 emerging opportunities for fintech startups in the gig economy
Digital Financial Services |

Beyond credit: 3 emerging opportunities for fintech startups in the gig economy

Gig work is projected to generate a gross volume of ~$455 billion globally by 2023. Gig work has been...

By Rasima Swarup
Catalyst Fund toolkit helps startups get AI ready
Artificial Intelligence |

Catalyst Fund toolkit helps startups get AI ready

In India, we’ve seen a vast array of AI solutions deployed across all sorts of industries. Funding of AI...

By Rasima Swarup
What are Fintech CEOs saying about the future of inclusive fintech?
Inclusive Fintech |

What are Fintech CEOs saying about the future of inclusive fintech?

An insight, an opportunity, and a challenge Last week, an incredible community of entrepreneurs who are building cutting-edge financial...

By Maelis Carraro
What if We Offered Business Support to Small Merchants Over WhatsApp?
Livelihoods and Microenterprise |

What if We Offered Business Support to Small Merchants Over WhatsApp?

Micro-consulting to Provide MSMEs with Practical Advice Micro and small retailers (referred to as small merchants here) play a...

By Rasima Swarup