Fintech Kaleidofin Raises 2nd Tranche of $15 Mn Series B Equity Funding

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Fintech Kaleidofin raises 2nd tranche of $15 mn Series B equity funding

Fintech firm Kaleidofin, on Tuesday declared a second near its $15 million Series B value round drove by the Michael and Susan Dell Foundation. The round likewise incorporated the support of the Bill and Melinda Gates Foundation's Seattle-based Strategic Investment Fund, private backers and existing financial backers.

The current gather pledges takes the absolute financing raised by Kaleidofin to date to $23 million.

Sucharita Mukherjee, Co-organizer and CEO, Kaleidofin said, "We are really glad to have financial backers known for their profound spotlight on casual area clients and advancement advancing monetary wellbeing, as accomplices. The organization tries to offer an expansive

scope of monetary administrations to underserved networks with a particular spotlight on lowpay ladies clients at scale. The new supports will be utilized to additionally fortify all our product offerings, yet will explicitly help us send off and scale our KaleidoCredit business focused on offer redid credit items for people and nano and miniature SME clients."

Sucharita Mukherjee and Puneet Gupta began Kaleidofin in 2017, with the expect to offer straightforward, very much planned, monetary answers for address the requirements of more than 600 million underbanked clients occupied with the casual economy. The essential focal point of Kaleidofin's product offerings is to emphatically build access and use of formal computerized monetary administrations for casual area clients in a manner that can affect clients' lives....READ MORE