Rabo Partnerships, a Rabobank subsidiary devoted to rural development and financial inclusion, sponsored a new fundraising round that brought in $13.8 million (about INR 115 Cr) for the fintech neobanking firm Kaleidofin.
With this fresh infusion, the Chennai-based startup seeks to double down on its lending portfolio and strengthen credit scoring, middleware technology and risk services via strategic partnerships.
Founded in 2017 by former IFMR Holdings executives Sucharita Mukherjee and Puneet Gupta, Kaleidofin offers financial solutions to low income, underbanked customers and businesses in the informal economy.
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