1 day Ago
Financial services provider Kaleidofin has raised $13.8 million (Rs 115.5 crore) in an equity funding round led by Netherlands-based Rabo Partnerships , a subsidiary of the Rabobank Group focused on financial inclusion and rural development.
Existing investors, including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India and Flourish Ventures, also participated in the round. The fresh capital will allow Kaleidofin to expand its lending portfolio and enhance credit scoring, middleware technology, and risk services through strategic partnerships. Prior to this round, Kaleidofin had raised $23 million from notable investors such as the Bill & Melinda Gates Foundation, Michael & Susan Dell Foundation, Omidyar Network India, Oikocredit, Blume Ventures, Bharat Fund, and Flourish Ventures, bringing its total funding to $37 million.
“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,” said Sucharita Mukherjee, cofounder and CEO, Kaleidofin. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Finance Financial Literacy - TDS, Budget, Income Tax Act, GST, Indirect tax By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Future of Marketing & Branding Masterclass By - Dr.
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Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program “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 in offering customers and small businesses more suitable loans in the agri segment,” she added. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Founded in 2017 by former IFMR Holdings executives Mukherjee and Puneet Gupta, Kaleidofin provides financial solutions to low-income, underbanked customers, and businesses in the informal economy. Its platform aims to unlock financing for these customers by leveraging credit health assessments, middleware technology, risk management tools, and debt capital market solutions.
Since 2020, Kaleidofin has facilitated the disbursal of over $2.7 billion in loans to more than 4.7 million customers and small enterprises in India's informal economy.
“They (Kaleidofin) have established themselves in India as a leading player in credit scoring and risk services, predominantly targeting women, small entrepreneurs and the agricultural segment. This investment seamlessly supports our strategy of promoting data-driven finance solutions through local institutions and service providers,” said Marianne Schoemaker, CEO, Rabo Partnerships..
