Kaleidofin Secures $13.8 Million Funding for Credit Scoring in India

Chennai-based fintech company Kaleidofin has secured $13.8 million in a funding round led by Rabo Partnerships B.V., a Netherlands-based investor. The funding will be used to expand Kaleidofin's credit scoring capabilities and offer tailored financial solutions to low-income customers and small businesses in India's informal economy.

• Rabo Partnerships contributed $11 million to the round, while existing investors, including the Michael and Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures, also participated.
• This latest funding brings Kaleidofin's total raised capital to $37 million.

Kaleidofin's Mission: Bridging the Gap in India's Rural Economy

Founded in 2017, Kaleidofin aims to provide financial inclusion to underserved communities in India, particularly in the rural economy, where 61% of individuals rely directly or indirectly on agriculture.

• The company's platform leverages technology to assess creditworthiness, manage risk, and structure debt capital markets, making financial services accessible to those who traditionally face barriers.
• Kaleidofin's "ki score" credit health assessments, "ki view" risk management dashboards, and "ki credit" debt capital market structuring capabilities are key tools in empowering these underserved customers.

Expanding Financial Solutions for Small Businesses and Women Entrepreneurs in India

Kaleidofin's focus on agriculture, women's entrepreneurship, and youth-focused initiatives demonstrates its commitment to building a more inclusive financial ecosystem in India. The company's innovative approach to underwriting and its partnerships with local financial institutions are key to scaling its impact.

• Kaleidofin has disbursed over $2.7 billion in loans to more than 4.7 million customers and small enterprises since 2020.

Rabo Partnerships' Support for Financial Inclusion in India

Rabo Partnerships, a global investor with a strong focus on financial inclusion and sustainable development, sees Kaleidofin as a key player in promoting access to financial services for underserved communities in India.

• Rabo Partnerships is impressed by Kaleidofin's established position in India's credit scoring and risk services landscape, particularly in serving women, small entrepreneurs, and the agricultural segment.

Kaleidofin's Impact: Empowering Customers and Transforming India's Financial Landscape

Kaleidofin's commitment to building impactful finance, particularly in agriculture, women's entrepreneurship, and youth-focused initiatives, is a testament to its dedication to driving positive change in India.

• The company's efforts are not only improving financial inclusion but also contributing to the growth of the Indian economy by providing essential financial support to small businesses and individuals in the rural economy.
• Kaleidofin's innovative use of technology and its focus on underserved communities position it as a leader in the Indian fintech landscape.