For millions across India, managing money isn’t just about making ends meet—it’s about navigating life without access to the financial safety nets many take for granted. Kaleidofin, a Chennai-based fintech startup, is working to change that.
The company has just raised $5.3 million (roughly ₹44.5 crore) in a fresh funding round led by the IDH Farmfit Fund. This comes on the heels of its $13.8 million raise in September 2024, bringing the total capital raised to $42 million to date. Other notable backers include Rabo Partnerships, the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures.
Founded in 2017 by Sucharita Mukherjee and Puneet Gupta, Kaleidofin was born from a simple yet powerful vision: to make formal financial services truly accessible to India’s underbanked. From daily wage earners to micro-entrepreneurs, Kaleidofin’s platform is built for those who are often overlooked by traditional banks.
The fresh infusion of capital will help the startup expand its lending portfolio and scale up its core infrastructure, including credit scoring, middleware, and risk services—critical tools that can unlock credit for people who’ve never had access to it before. These services are delivered not just digitally, but through a “click and brick” model that connects technology with trusted, on-the-ground partners like banks, MFIs, and NGOs.
What sets Kaleidofin apart is its deep commitment to personalization. Its platform uses advanced machine learning and suitability engines to offer goal-based financial solutions tailored to different life stages and income levels. Whether it’s saving for a child’s education, buying livestock, or managing seasonal cash flow, Kaleidofin’s tools are designed to be relevant, simple, and impactful.
The company is now focused on reaching 600 million underserved Indians, helping them build resilience, plan for the future, and participate fully in the economy—on their terms.
