Kaleidofin, a Chennai, India-based fintech startup, raised a $13.8m in funding.
The round was led by Rabo Partnerships with participation from Michael and Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Sucharita Mukherjee, CEO, Puneet Gupta, CFO, Natasha Jethanandani, CTO, and Vipul Sekhsaria, COO, Kaleidofin is a financial services platform delivering solutions tailored to millions of customers and enterprises in India without convenient access to formal financial services. The company’s approach combines distinct financial products (credit, investment, insurance, savings) to form a solution that works for the customer, build customer profiles, underwriting, solution design and machine learning suitability algorithms, and leverage networks such as agents, cooperatives, self-help groups, temp agencies, MFIs, to deliver suitable solutions at scale.
FinSMEs
20/09/2024