Kaleidofin raises USD 5.3 million from IDH Farmfit Fund

09 May 2025 CW Team

Kaleidofin has secured an equity investment of USD 5.3 million from the IDH Farmfit Fund, bringing its ongoing funding round to USD 19 million. The Chennai-based fintech firm, which provides financial solutions to small and marginal farmers, women-led enterprises and nano businesses, aims to scale lending, credit scoring, and risk services through strategic partnerships. This follows an earlier USD 13.8 million investment led by Rabo Partnerships, alongside existing backers Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. Since its inception, Kaleidofin has raised a total of USD 42 million. The collaboration with IDH Farmfit Fund will focus on expanding financial access across smallholder value chains, particularly in dairy and allied agri sectors. A key innovation will be the development of the ‘ki score agri’—a sector-specific credit health tool that enables more targeted financial products such as loans for animal husbandry, equipment, and climate-smart agriculture. “The partnership will help create specialised credit solutions that can improve risk assessment and support underserved farmers,” said Sucharita Mukherjee, Co-founder and CEO, Kaleidofin. Investment leads at IDH highlighted the potential for enhanced underwriting and borrower insight to turn smallholder finance into an investable asset class.

Infrastructure Urban

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