kaleidofin raised $13.8 million in a funding round led by Rabo Partnerships B.V. to accelerate access to formal finance for small businesses.

Sep 18, 2024•about 1 year ago

Amount Raised

$13.8 Million

ChennaiFinanceSoftware

Investors

FlourishOmidyar Network IndiaOikocreditMichael & Susan Dell FoundationRabo Partnerships B.V.

Description

kaleidofin, a fintech startup, has raised $13.8 million in funding to boost its efforts in providing formal financial access to small and growing businesses in the informal sector. The round was led by Rabo Partnerships B.V. with an investment of $11 million, supported by existing investors including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish.

Company Information

Company

Kaleidofin

Location

Chennai, Tamil Nadu, India

About

kaleidofin is a fintech platform that propels under-banked customers towards meeting their real life goals by providing intuitive and tailored financial solutions. Our name “kaleidofin” is inspired by the power of financial solutions to enable beautiful possibilities of a future life for each customer. We believe that everyone deserves and requires access to financial solutions that are intuitive and easy to use, flexible and personalised to real goals that can make financial progress and financial freedom possible for everyone. We believe financial solutions can provide customers powerful tools that solve their real life goals and challenges. For too long, the financial services industry has been a manufacturer producing products and fitting customers to their products. At kaleidofin, we want to flip this around, keep the customer at the centre and provide mass tailored solutions that are best suited to meet the customer’s own goals/challenges.

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