The fintech startup Kaleidofin, situated in Chennai, India, has successfully raised $13.8 million in funding.
The Michael and Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures were among the investors in the round, which was headed by Rabo Partnerships. With the money, the business plans to grow both its operations and its research and development.
Kaleidofin, a financial services platform, was co-founded by Sucharita Mukherjee, CEO; Puneet Gupta, CFO; Natasha Jethanandani, CTO; and Vipul Sekhsaria, COO. The platform offers customized financial services to millions of customers and businesses in India that lack easy access to traditional financial services.
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In order to create a solution that works for the customer, the company’s approach combines various financial products (credit, investments, insurance, and savings). It also builds customer profiles, underwrites, designs solutions, and uses machine learning suitability algorithms. Finally, it uses networks, including agents, cooperatives, self-help groups, temp agencies, and MFIs, to deliver appropriate solutions at scale.
About Kaleidofin
kaleidofin is a fintech platform that propels under-banked customers towards meeting their real life goals by providing intuitive and tailored financial solutions. Their name “kaleidofin” is inspired by the power of financial solutions to enable beautiful possibilities of a future life for each customer.
