Kaleidofin secures additional $5.3m from IDH Farmfit Fund

By Gloria Methri

Kaleidofin Private Limited, a FinTech platform focused on advancing financial inclusion for informal sector businesses in India, has secured an additional equity investment of $5.3 million from the IDH Farmfit Fund. This infusion brings the total raised in its latest funding round to $19 million.

Earlier in the round, Kaleidofin had announced a $13.8 million investment led by Rabo Partnerships, alongside participation from existing backers including the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. With this latest investment, the company has raised a total of $42 million in equity funding since its inception.

Kaleidofin primarily serves small and marginal farmers, women-led enterprises, and nano businesses, aiming to bridge the gap between informal sector participants and formal financial services. The company has built a digital financial ecosystem that provides tailored lending and financial solutions to underserved customer segments.

The investment from IDH Farmfit Fund—a blended finance impact fund that targets smallholder value chains—will enable Kaleidofin to scale its lending operations further. The capital will also support the development and expansion of its credit scoring models, middleware solutions, and risk management services, delivered through strategic partnerships.

A core aspect of the collaboration between Kaleidofin and the IDH Farmfit Fund is the enhancement of credit access for smallholder farmers and agri-aligned micro-enterprises, including those involved in dairy, animal husbandry, and climate-resilient farming. Central to this effort will be the development of a sector-specific credit assessment tool, the ki score, which will evaluate the credit health of agricultural borrowers with a more tailored approach than traditional models.

Through its ki credit platform, Kaleidofin aims to integrate with financial institutions and offer customised financial products that better reflect the cash flows and operational realities of rural and agri-based livelihoods. These may include loans for farm equipment, animal husbandry, automation tools, and sustainable agriculture practices.

The partnership and additional capital are expected to strengthen the financial ecosystem for underserved agricultural communities, supporting long-term resilience and productivity in India’s informal rural economy.

Sucharita Mukherjee, Co-founder & CEO, kaleidofin said, “Smallholder farmers form an important part of the economy, yet they remain vastly underserved by formal financial services. Through our collaboration with IDH Farmfit Fund, we aim to change this by creating specialised financial products that cater to the unique needs of farmers. ki score agri will help lenders deepen their agri portfolios while improving risk management, ensuring that capital flows efficiently to those who need it most”.