Rabo Partnerships B.V. has led a new round of funding for fintech startup Kaleidofin, which has raised $13.8 million. The round has also been supported by the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish.
Select partnerships will be implemented to expand credit scoring, middleware, and risk services and to expand its lending portfolio with the assistance of the new proceeds.
This brings the total amount of funds that kaleidofin has raised since its inception to $37 million.
The Chennai-based startup raised $15 million in its Series B round in May 2022, which was headed by the Michael and Susan Dell Foundation and other investors. The funding was distributed in two tranches.
Read also – Actress Nayanthara and Director Vignesh Shivan Invest in Ticket9
Kaleidofin provides a variety of products, including KaleidoGoals, a savings solution that is based on goals; KiScore, an automated credit health checking platform for informal sectors that is supervised by machine learning; KaleidoCredit, a credit as a platform service that is designed for lending and debt capital markets; and KaleidoPay, a collection of inclusive payment solutions.
About Kaleidofin
Founded in 2017 by Puneet Gupta and Sucharita Mukherjee, kaleidofin is a fintech platform that propels under-banked customers towards meeting their real-life goals by providing intuitive and tailored financial solutions.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
