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Neobanking platform Kaleidofin raises $5.3 Mn led by IDH Farmfit Fund

EntrackrEntrackr · 2m ago
Neobanking platform Kaleidofin raises $5.3 Mn led by IDH Farmfit Fund
Medial

Neobanking platform Kaleidofin raises $5.3 Mn led by IDH Farmfit Fund The Chennai-based startup had previously raised $13.8 million in September 2024. It is backed by Rabo Partnerships, the Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India, and Flourish Ventures. The company has raised $42 million to date. Fintech neobanking platform Kaleidofin has raised $5.3 million (about Rs 44.5 crore) in a new funding round led by the IDH Farmfit Fund. The fresh funds will be used to scale up its lending portfolio as well as expand credit scoring, middleware, and risk services through new partnerships, Kaleidofin said in a press release. Co-founded in 2017 by Sucharita Mukherjee and Puneet Gupta, Kaleidofin is a fintech company that focuses on democratizing finance and providing inclusive financial solutions to underbanked individuals and businesses. It offers a technology platform that combines investments, credit, and insurance, customized to the needs of its customers, and utilizes a "click and brick" approach, integrating both online and offline channels. The company aims to empower everyone with financial services through technology and a network of partners. Kaleidofin aims to reach 600 million underbanked Indians with tailor-made financial solutions. It has developed a tech platform that reduces the cost of providing financial services, making them accessible to customers with very small savings. The platform combines online solutions with a network of partners—such as banks, MFIs, and NGOs—to provide trusted, last-mile connectivity. Kaleidofin states that it works with various partners, including banks, MFIs, NBFCs, and corporations, to expand its reach and offer a wider range of financial services. It utilizes advanced machine learning and suitability engines to offer goal-based financial solutions, catering to different life stages.

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Kaleidofin raises $13.8 Mn led by Rabo Partnerships

EntrackrEntrackr · 10m ago
Kaleidofin raises $13.8 Mn led by Rabo Partnerships
Medial

Fintech startup Kaleidofin has raised $13.8 million in a new round led by Rabo Partnerships B.V. Existing backers Michael & Susan Dell Foundation, Oikocredit, Omidyar Network India and Flourish have also participated in the round. This takes the total funds raised by kaleidofin since its inception to $37 million. In May 2022, the Chennai-based startup raised $15 million in its Series B round led by the Michael and Susan Dell Foundation and others in two tranches in the same year. The fresh proceeds will be used to scale its lending portfolio and expand credit scoring, middleware, and risk services through selected partnerships. Led by Sucharita Mukherjee and Puneet Gupta, Kaleidofin offers products such as KaleidoGoals, a goal-based savings solution; KiScore, a supervised machine learning-based automated credit health checking platform for informal sectors; KaleidoCredit, a credit as a platform service for lending and debt capital markets use cases; and KaleidoPay, a suite of inclusive payment solutions. The company claims to have facilitated loan disbursal of cumulatively over $2.7 billion for over 4.7 million customers and small enterprises working in the informal economy, since 2020.

Neobanking startup Zolve raises $251 Mn in Series B round

EntrackrEntrackr · 4m ago
Neobanking startup Zolve raises $251 Mn in Series B round
Medial

Neobanking startup Zolve raises $251 Mn in Series B round Founded in 2021 by Raghunandan G, Zolve offers immigrants an FDIC-insured US bank account and a credit card without requiring a Social Security number in the United States. Cross-border neobanking startup Zolve has secured $251 million in an equity and debt funding round led by Creaegis, with participation from HSBC, SBI Investment, GMO Venture Partners, DG Daiwa Ventures, and existing investors Accel, Lightspeed Venture Partners, Sparta Group, and DST Global. This Series B round includes a $200 million warehouse line (debt) from Community Investment Management to fuel its growing credit portfolio across geographies. In October 2023, the company raised $100 million in a warehouse debt facility from US-based impact investor Community Investment Management (CIM). Zolve has bagged $406 million in equity and debt financing to date. This substantial investment comes as Zolve reaches the 750,000-customer mark, having facilitated the movement of over $1.2 billion. The firm claims that it became customer-level profitable in early 2024 and is on track for company-level profitability by the end of 2025. Zolve plans aggressive expansion into three key areas. Geographically, Canada is next, followed by the UK and Australia. The company will also expand its credit portfolio by launching auto loans, personal loans, and education loans. The firm aims to become a full-stack financial platform for global citizens, enabling seamless international money transfers, insurance, and investment products. This is the largest debt funding raised by an Indian-origin startup in 2025.

Y Combinator-backed Landeed raises $5 Mn

EntrackrEntrackr · 5m ago
Y Combinator-backed Landeed raises $5 Mn
Medial

Y Combinator-backed Landeed raises $5 Mn Property title search engine platform Landeed has raised $5 million in its Series X round led by 10x Founders Fund. Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, Founder of Onboard, and Aaron King, founder of Snapdocs, among others, have also participated. Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed helps users search property titles and receive land documents at a nominal fee. The platform simplifies the multiple search methods and collects all the data required by a land owner or buyer to ensure everything is in order with a particular property. The platform also offers instant access to essential data points such as Sale Deeds and Encumbrance Certificates, confirming that a property is free from legal or monetary disputes. With over 5 million downloads and covering 24 states, Landeed claims to have witnessed a 22x growth in key financial metrics, with over 100,000 property owners, bankers, agents, and real estate developers utilizing its platform to buy, sell, facilitate loans, and build real estate.

Lucidity raises $21 Mn in Series A led by WestBridge

EntrackrEntrackr · 5m ago
Lucidity raises $21 Mn in Series A led by WestBridge
Medial

Lucidity raises $21 Mn in Series A led by WestBridge Lucidity, a multi-cloud storage management platform, has raised $21 million in a Series A investment led by WestBridge Capital, with participation from existing investor Alpha Wave. The Series A round follows a seed round follow-on investment by BEENEXT in June 2024. Previously, Lucidity had closed a pre-seed round of $500K and a $5.3 million seed round in June 2022. The company has raised a total of $31 million in funding to date. Lucidity plans to expand the go-to-market team and continue innovating the platform to solve key storage management problems for enterprises around the world. Lucidity’s cloud storage platform automatically expands and shrinks block storage based on real-time data needs, reducing costs by up to 70% for large enterprises. Its NoOps, application-agnostic layer integrates seamlessly with existing systems—without any code changes. By automating storage management, Lucidity frees IT and DevOps teams to focus on innovation and efficiency. “Lucidity delivers the only platform for ITOps and DevOps organizations to automatically manage and optimize their block storage in real-time across all three major cloud providers while significantly reducing costs. As a result, we’re honored by the ongoing interest we’ve received and the opportunity to work with some of the largest enterprises in the world to empower them to seamlessly manage their cloud storage for the first time,” said Nitin Bhadauria, co-founder of Lucidity. Since its inception in 2021, Lucidity has grown 400% year-over-year by pioneering automation in cloud block storage. Enterprises like World Market, Dometic, and Fortune 500 companies—including a major airline and a top credit ratings firm—use Lucidity to optimize storage and cut cloud costs. Lucidity has offices in Boston, Bengaluru, and Abu Dhabi, with customers all around the globe.

Stride Green raises $3.5 Mn in seed round

EntrackrEntrackr · 1m ago
Stride Green raises $3.5 Mn in seed round
Medial

Stride Green raises $3.5 Mn in seed round Gurugram-based climate-tech platform Stride Green has raised $3.5 million in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, along with participation from other strategic investors. The proceeds will be used to expand the team, enhance its technology platform, and support its growth across India's clean energy transition sectors, including electric mobility, battery storage, and renewable energy. Founded by Ishpreet Gandhi and Vivek Jain, Stride Green provides asset financing and lifecycle management solutions tailored for sustainable businesses. It uses its proprietary tech stack to offer real-time analytics, alerts, and operational insights aimed at improving asset performance and longevity. The platform currently manages over 3,000 cleantech assets and collaborates with original equipment manufacturers and logistics firms. Stride Green facilitates leasing and financing solutions for these sectors, enabling companies to scale sustainably. Stride Green is also planning geographical and vertical expansion to deepen its role within the climate-tech space.

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