Fintech startup Kaleidofin from Chennai has raised $5.3 million (about Rs 44.5 crore) in a fresh round of funding from the IDH Farmfit Fund. This new funding comes after a September 2024 raise of $13.8 million, taking the total funding in the company to $42 million. Kaleidofin is supported by noted investors such as the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, Rabo Partnerships, and Flourish Ventures.
In a formal statement, Kaleidofin said that the new capital will be used to grow its lending book and its technology platform, with emphasis on risk management, credit scoring, and middleware alliances.
Established in 2017 by Sucharita Mukherjee and Puneet Gupta, Kaleidofin is committed to democratizing financial services for India's underbanked. Using a "click and brick" model, the company leverages digital technology with physical networks to provide end-to-end solutions in credit, investment, and insurance.

Kaleidofin has a platform dedicated to reaching out to the 600 million Indians who are currently outside the banked economy, bringing down costs and increasing availability of financial services even for extremely low savers. Its last-mile reach derives power from partnering with banks, microfinance players (MFIs), non-banking financial firms (NBFCs), and nonprofits (NGOs).

With a strong partner ecosystem and technology-led strategy, Kaleidofin is creating a more inclusive and scalable financial ecosystem—one that delivers financial dignity and empowerment to underserved communities in India.