India-based fintech and neobanking platform Kaleidofin has raised $5.3 Mn (approx. INR 44.5 Cr) in a funding round led by IDH Farmfit Fund, supporting its mission to expand inclusive financial services to underbanked populations, especially smallholder farmers.
According to the company, the capital will be used to scale its lending portfolio, improve credit scoring products, and enhance middleware and risk management infrastructure through new strategic partnerships.
Sucharita Mukherjee, cofounder and CEO of Kaleidofin, said:
“Through our collaboration with IDH Farmfit Fund, we aim to create specialized financial products tailored to the unique needs of farmers. Our credit assessment tool, ‘ki score agri’, will help lenders deepen their agri portfolios and better manage credit risk, ensuring capital flows to those who need it most.”
Founded in 2017 in Chennai by Sucharita Mukherjee and Puneet Gupta, Kaleidofin offers tech-enabled financial solutions to low-income individuals and informal businesses. Its platform includes credit health assessment, risk management systems, middleware, and access to debt capital markets.
The startup previously raised $13.8 Mn in September 2024, bringing its total funding to $42 Mn to date.
Kaleidofin is backed by prominent global impact investors including:
Rabo Partnerships,Michael & Susan Dell Foundation,Oikocredit,Omidyar Network India,and Flourish Ventures.
In the competitive neobanking space, Kaleidofin stands out by serving underserved populations and the agricultural sector, competing globally with platforms like Zolve, Jupiter, and Tide.
