May 2, 2025: Fintech company Kaleidofin has secured $5.3 million in fresh equity funding from the IDH Farmfit Fund, a public-private impact fund focused on mobilizing capital for smallholder farmers. The investment is aimed at expanding Kaleidofin’s agri-lending portfolio and technology infrastructure, with a strong emphasis on developing credit scoring tools, middleware platforms, and risk management services tailored to underserved farmers and agri-enterprises across India and other emerging markets.
The partnership marks a strategic push to address the long-standing challenge of financial exclusion faced by smallholder farmers—an underserved segment that remains critical to the rural economy. Central to this collaboration is the rollout of ‘ki score agri’, a proprietary credit health assessment tool designed to improve underwriting for agricultural borrowers.
Kaleidofin to Build Agri Credit Scoring & Middleware Infra Tools
“With this investment, we aim to enable deeper, more efficient financial inclusion in agriculture,” said Sucharita Mukherjee, Co-founder and CEO of Kaleidofin. “Tools like ki score agri will allow lenders to make smarter credit decisions, opening up capital flows to millions of underserved farming households.”
This latest infusion brings the total raised in the fintech firm’s current round to $19 million, and pushes its cumulative equity funding to $42 million since its inception in 2017. Previous backers in the round include Rabo Partnerships, Michael & Susan Dell Foundation, Omidyar Network India, Oikocredit, and Flourish Ventures.
IDH Farmfit, managed by IDH Investment Management, brings a strong track record of investing in smallholder value chains. “Our goal is to catalyze private capital into high-risk rural sectors,” said Som Toohey, Investment Director at IDH. “Kaleidofin’s tech-enabled underwriting can play a pivotal role in de-risking farmer loans and expanding access to credit.”
By leveraging data-driven insights and building specialized financial products, The fintech firm and IDH aim to transform how financial services reach the rural economy—making agriculture more resilient, productive, and inclusive.
