Kaleidofin private limited is a fintech company that has built a digital ecosystem to accelerate access to formal finance for small and growing businesses in the informal sector. The main customers of the company are small & marginal farmers, women-led enterprises and nano enterprises.
The Company today announced that it has received an equity infusion of USD 5.3 million from the IDH Farmfit Fund — a blended finance impact fund focussed on smallholder value chains. This brings the equity infusion in the current round to USD 19 million. The Company had earlier announced an investment of USD 13.8 million led by Rabo Partnerships which also saw investment from existing investors - Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India and Flourish ventures.
The investment will support Kaleidofin’s mission and help scale its lending portfolio and expand credit scoring, middleware and risk services through selected partnerships. This investment takes the total funds raised by kaleidofin since inception to USD 42 million.
Kaleidofin and IDH Farmfit Fund will collaborate to drive financial inclusion by expanding access to financial services for smallholder farmers, including those in dairy, agri-allied sectors, agri workers, and agribusinesses. A key focus of this partnership will be the development of a specialized ki score, a credit health assessment product designed to cater to the unique needs of the agricultural sector. This initiative will transform agri-lending by moving beyond generic term loans to tailored financial products for animal husbandry, farm equipment, automation, sustainable agriculture, and climate-friendly farming practices. By integrating with financial institutions via the ki credit platform, this initiative will help scale high-quality specialised credit solutions, ultimately strengthening the financial ecosystem.
Sucharita Mukherjee, Co-founder & CEO, kaleidofin said, "Smallholder farmers form an important part of the economy, yet they remain vastly underserved by formal financial services. Through our collaboration with IDH Farmfit Fund, we aim to change this by creating specialized financial products that cater to the unique needs of farmers. ki score agri will help lenders deepen their agri portfolios while improving risk management, ensuring that capital flows efficiently to those who need it most”.
Som Toohey, Investment Director, IDH Investment Management added: “Enhanced underwriting and tailoring of smallholder farmer loans, coupled with more efficient origination and distribution, can catalyse the flow of appropriate credit to this underserved segment across India and other markets. Improving the quality of financial inclusion, encompassing client protection, is critical to increasing both income and climate resilience over time. The IDH Farmfit Fund was created to enable smallholder finance to become an investable asset class. Our partnership with kaleidofin is a significant step toward realising that vision.”
Melinda Gróf, Investment Manager, IDH Investment Management added, “Kaleidofin’s technology provides deep insight into borrower risk, enabling more precise credit decisions and wider access to finance for underserved agricultural communities. We’re excited to support this innovation, which has the potential to transform agri-lending and strengthen rural value chains."
Source : Press Release
