Fintech startup Kaleidofin has raised $13.8 million in a new funding round led by Rabo Partnerships B.V., with participation from existing investors Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish. This brings the total capital raised by the Chennai-based startup to $37 million since its inception.
The fresh funds will be allocated to scaling Kaleidofin’s lending portfolio, enhancing credit scoring capabilities, and expanding its middleware and risk services in partnership with select organizations. This strategic expansion aims to support financial inclusion for underserved sectors in India.
Founded by Sucharita Mukherjee and Puneet Gupta, Kaleidofin offers a range of inclusive financial solutions such as KaleidoGoals, a goal-based savings platform; KiScore, an automated credit health evaluation tool tailored to informal sectors; KaleidoCredit, a credit-as-a-service platform for lending and debt capital markets; and KaleidoPay, a payment solutions suite designed to promote financial access.
Since 2020, Kaleidofin has facilitated loan disbursements exceeding $2.7 billion to more than 4.7 million customers and small enterprises in India’s informal economy. The new funding will help further its mission of enabling financial wellness for underserved communities.
