SUMMARY
- Kaleidofin has raised $13.8 million in its latest funding round, led by Rabo Partnerships B.V.
- Existing investors Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish also participated in the round.
- The total amount of funds accumulated by Kaleidofin since its establishment now stands at $37 million.
Kaleidofin, a Fintech startup, has raised $13.8 million in its latest funding round, led by Rabo Partnerships B.V. This round also saw participation from its existing investors, including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish.
The total amount of funds accumulated by Kaleidofin since its establishment now stands at $37 million.
In May 2022, the Chennai-based startup secured $15 million in its Series B funding round. This round was led by the Michael & Susan Dell Foundation, with additional contributions from other investors in two separate tranches of the same year.
The newly raised funds are expected to be utilised for the expansion of Kaleidofin’s lending portfolio and the enhancement of its credit scoring, middleware, and risk services through strategic partnerships.
Under the leadership of Sucharita Mukherjee and Puneet Gupta, Kaleidofin offers a variety of innovative solutions, including KaleidoGoals, a goal-based savings solution; KiScore, a supervised machine learning-based automated credit health checking platform designed for the informal sector; KaleidoCredit, a credit as a platform service tailored for lending and debt capital markets; and KaleidoPay, a comprehensive suite of inclusive payment solutions.
The company has facilitated the disbursement of over $2.7 billion in loans to more than 4.7 million customers and small enterprises operating within the informal economy since its inception in 2020.
