Fintech Firm Kaleidofin Secures USD 13.8 Mn Funding Led by Rabo Partnerships The latest investment will fuel Kaleidofin's mission to expand its lending portfolio, enhance its credit scoring capabilities, and strengthen its risk services.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sucharita Mukherjee, Co-founder and CEO, Kaleidofin

Chennai-based fintech firm Kaleidofin announced that it has raised USD 13.8 million in a funding round led by Netherlands-based Rabo Partnerships B V, which invested USD 11 million.

The remaining capital came from existing backers, including the Michael and Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. This funding round brings Kaleidofin's total raised capital to USD 37 million.

Prior to this, Kaleidofin had raised a total of USD 23 million from investors like Bill and Melinda Gates Foundation; Michael and Susan Dell Foundation, Omidyar Network India, Oikocredit, Blume Ventures, Bharat Fund, and Flourish Ventures.

Founded in 2017 by Sucharita Mukherjee, Natasha Jethanandani, Puneet Gupta, and Vipul Sekhsaria, Kaleidofin is a financial services platform aimed at providing tailored financial solutions for low-income customers and small businesses in India's informal economy.

The company combines tools like credit health assessments (ki score), middleware rails, risk management dashboards (ki view), and debt capital market structuring capabilities (ki credit) to help unlock finance for underserved customers.

The latest investment will fuel Kaleidofin's mission to expand its lending portfolio, enhance its credit scoring capabilities, and strengthen its risk services.

Sucharita Mukherjee, Co-founder and CEO, Kaleidofin, said, "Rabo Partnerships multi-faceted partnership approach towards promoting financial inclusion, private capital development, and food security across the globe has been highly effective in fostering innovation and growth."

"We believe that Kaleidofin's understanding of the Indian rural economy, where 61% of individuals are directly or indirectly dependent on agriculture, and Rabo Partnerships' focus on the agri sector will further strengthen our capabilities in serving the customer, underwriting the customer, and offering customers and small businesses more suitable loans in the agri segment," Mukherjee added.

Since 2020, Kaleidofin claims to have facilitated loan disbursals worth over USD 2.7 billion to more than 4.7 million customers and small enterprises. The company's innovative approach focuses on building underwriting standards for impactful finance, particularly in agriculture, women's entrepreneurship, and youth-focused initiatives. Kaleidofin's platform aims to scale financial inclusion through partnerships with local financial institutions.

Marianne Schoemaker, CEO, Rabo Partnerships, said, "We are very pleased to support Kaleidofin's mission to offer innovative financial solutions, targeting millions of customers who lack convenient access to formal financial services. They have established themselves in India as a leading player in credit scoring and risk services, predominantly targeting women, small entrepreneurs, and the agricultural segment."

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Science & Technology

5 AI Books Top Entrepreneurs Are Reading in a Rush for 2025

Entrepreneurs must embrace AI or risk falling behind. Discover 2025's top 5 AI books to gain a competitive edge, featuring insights from "The Wolf is at the Door" and a free AI Success Kit.

Business News

'Career Catfishing': 1 in 3 Gen Zers Accepted a New Job and Didn't Show Up on Day One

A new report out of the UK shows that some Gen Z new hires are pulling a disappearing act on day one.

Starting a Business

These Brothers Started a Business to Solve a Smelly Problem. It Led to More Than $45 Million in 3 Years: 'Massive White Space.'

Christian and Justin Arquilla were both working in finance before they took a chance on entrepreneurship.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Leadership

Hard and Soft Skills Go Hand-in-Hand — These Are the Ones You Need to Sharpen This Year

The coming year promises to be one of change, which can be daunting and exciting. While it's important to stay on top of new technologies, the key will be sharpening those soft skills.

Growing a Business

AI Adoption Doesn't Have to Be Daunting Anymore — Here's How to Choose the Right AI Tools For Your Small Business

As 2025 begins, AI adoption may still feel daunting for many business owners — but it doesn't have to be. Here's how to pick the best AI tools for your needs and integrate them wisely into your existing systems.