Neobank Kaleidofin raises $10 million in series B round of funding

The latest fundraise takes the total funds raised by Kaleidofin till date to $18 million

Kaleidofin, a neobank, announced on Wednesday that it has raised $10 million in its series B funding round, led by the Michael & Susan Dell Foundation. This takes the total funding raised by Kaleidofin till date to $18 million. Existing institutional investors, Oiko Credit, Flourish Ventures, Omidyar Network, Blume Ventures and Bharat Fund also participated in the Series B round.

Kaleidofin’s key product lines are: KaleidoGoals, a goal-based savings solution, KiScore, a supervised machine learning based automated credit health check for informal sector customers, KaleidoCredit, a credit as a platform service for lending and debt capital markets use cases and KaleidoPay,