Fintech startup Kaleidofin has secured $13.8 million in a funding round led by Rabo Partnerships B.V., with participation from existing investors, including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish. This brings the total funds raised by Kaleidofin to $37 million since its inception.

Founded by Sucharita Mukherjee and Puneet Gupta, Kaleidofin offers a range of financial products aimed at the informal economy, including KaleidoGoals a goal-based savings solution; KiScore an automated credit health-checking platform using machine learning; KaleidoCredit a credit platform for lending and debt markets; and KaleidoPaya suite of payment solutions focused on financial inclusion.

The newly raised funds will be used to scale Kaleidofin’s lending portfolio and expand services in credit scoring, middleware, and risk management through strategic partnerships. These enhancements aim to improve credit access and financial services for underserved communities and small businesses in the informal sector.

Since 2020, Kaleidofin claims to have facilitated loan disbursals totaling over $2.7 billion, serving more than 4.7 million customers and small enterprises. The company’s focus on creating tailored financial solutions for the informal sector has positioned it as a significant player in the fintech ecosystem, addressing the financial needs of a largely underserved market.

With this latest funding round, Kaleidofin is set to deepen its impact by enhancing its technology and broadening its service offerings, furthering financial inclusion across India.