Kaleidofin Capital secures $5m impact debt facility

By Milan Rojan

Kaleidofin Capital Private Limited, the non-banking financial company subsidiary of Kaleidofin, has secured a $5 million debt facility through a non-convertible debenture (NCD) issuance from Women’s Livelihood Bond Asset VIIB Pte. Ltd., a special purpose vehicle established by Singapore-based Impact Investment Exchange (IIX).

The four-year debenture will support lending activities across the clean energy and financial inclusion sectors, while expanding access to credit for women entrepreneurs, farmers and nano enterprises across India.

Puneet Gupta, Managing Director of Kaleidofin Capital, said the partnership aligns with the company’s objective of expanding access to responsible credit and creating economic opportunities for women and underserved segments.

The transaction has marked Kaleidofin Capital’s entry into a new source of international impact capital and underscored growing investor interest in financing models that combine financial returns with measurable social outcomes. A distinguishing feature of the deal was its Orange Certification, an impact-certification framework developed by IIX that assessed investments based on their contribution to gender-positive and inclusive economic outcomes.

According to the company, the funding will strengthen its efforts to provide responsible and inclusive finance to underserved communities. Kaleidofin Capital has used its proprietary risk assessment tools, including the ki score and ki view, for customer selection and portfolio management, while working with a network of lending originators across the country.

Robert Kraybill, Chief Investment Officer at Impact Investment Exchange, said the transaction demonstrates how capital can be deployed at scale while delivering verified gender-positive outcomes alongside financial performance.

The investment forms part of IIX’s broader Women’s Livelihood Bond 7 (WLB7) programme. IIX recently completed the second tranche of WLB7, taking total issuance across both tranches to $92 million. The programme focuses on financing organisations that address challenges related to livelihoods, climate resilience and financial inclusion.

Established in 2023, Kaleidofin Capital operates a partner-led lending model and had assets under management of approximately $36.6 million as of 31 March 2026, serving more than 62,000 customers across India.