Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding

Chennai-based fintech firm Kaleidofin said on Wednesday it has raised $13.8 million in a funding round led by Dutch company Rabo Partnerships BV and participated by existing investors.

Rabo Partnerships BV, a subsidiary of Rabobank, made an equity infusion of $11 million. The Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish were existing investors in the round. Kaleidofin provides financial solutions for low-income customers and businesses in the informal economy.