Thu Sep 19 06:17:42 UTC 2024: ## Kaleidofin Secures $13.8 Million to Expand Financial Services in India’s Informal Sector

**Bangalore, India -** Kaleidofin Private Ltd, a financial services company focused on serving India’s informal sector, has secured $13.8 million in equity funding led by Rabo Partnerships BV from the Netherlands. This investment brings Kaleidofin’s total funding to $37 million.

The funding will be used to expand Kaleidofin’s lending portfolio, as well as enhance its credit scoring and risk management services. Existing investors, including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures, also participated in the round.

Rabo Partnerships, a subsidiary of Rabobank, will play a key role in supporting Kaleidofin’s growth in financial inclusion and risk infrastructure, particularly for rural and agriculture-focused lenders.

Sucharita Mukherjee, Co-founder & CEO of Kaleidofin, highlighted the synergy between the company’s expertise in the Indian rural economy and Rabo’s focus on agriculture. She believes this partnership will enhance their ability to provide tailored loan solutions to agricultural customers.

Marianne Schoemaker, CEO of Rabo Partnerships, stated that this investment aligns with their strategy of promoting data-driven financial solutions through local institutions and service providers.

Since its founding in 2017, Kaleidofin has provided financial solutions to over 4.7 million low-income customers and informal sector businesses in India, disbursing more than $2.7 billion in loans. The company has also attracted investment from prominent organizations like the Bill and Melinda Gates Foundation and Omidyar Network India.

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