Social VC Investments
Lender to informal sector Kaleidofin Capital raises $3-M from Triodos
Business Standard Kaleidofin Capital
Chennai-based Kaleidofin Capital (KCPL), the non-banking financial company (NBFC) arm of fintech firm Kaleidofin, has raised USD 3 million in debt from Triodos Investment Management, Netherlands, for a tenure of three years.The funds raised will be used to lend to informal sector enterprises, including agriculture and dairy businesses.Incorporated in 2021, Kaleidofin Capital offers loans to women entrepreneurs, farmers and dairies. It also gives out nano business loans. The company claims to have Assets Under Management (AUM) of INR 197 crore and serves over 62,000 customers across India.
For FY24, Kaleidofin Capital had reported about INR 23 Cr in Operating Income and about INR 0.1 Cr in PAT.
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