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

According to the company, the proceeds of this round will be used to strengthen tailored credit solutions for informal sector customers.

Fintech firm Kaleidofin, on Tuesday announced a second close to its $15 million Series B equity round led by the Michael and Susan Dell Foundation. The round also included the participation of the Bill & Melinda Gates Foundation’s Seattle-based Strategic Investment Fund, angel investors and existing investors.

The current fundraise takes the total funding raised by Kaleidofin to date to $23 million.

Sucharita Mukherjee, Co-founder and CEO, Kaleidofin said, “We are delighted to have investors known for their deep focus on informal sector customers and innovation promoting financial health, as partners. The partnership seeks to offer a broad range of