Fintech innovator kaleidofin has announced a fresh equity infusion of $5.3 million from the IDH Farmfit Fund, boosting its ongoing funding round to $19 million. This round, which earlier saw $13.8 million led by Rabo Partnerships alongside existing backers such as the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures, brings kaleidofin’s total funding raised since inception to $42 million.

Specialising in providing formal financial access to small and marginal farmers, women-led enterprises, and nano businesses, kaleidofin will leverage this investment to scale its lending portfolio and enhance credit scoring, middleware, and risk services. In partnership with IDH Farmfit Fund, kaleidofin will roll out the ki score agri, a tailored credit health assessment tool for agricultural borrowers. This initiative aims to move beyond generic loans, offering specialised products for animal husbandry, farm equipment, sustainable agriculture, and climate-resilient practices.

Sucharita Mukherjee, Co-founder & CEO of kaleidofin, emphasised the importance of this collaboration in deepening agri-lending portfolios and improving risk management. Representatives from IDH Investment Management, Som Toohey and Melinda Gróf, highlighted the transformative potential of kaleidofin’s technology in expanding precise, client-protective credit solutions for India’s underserved agricultural communities.