Federal Bank Signs an SLA With Kaleidofin for Use of its Risk Infrastructure Solution to Enhance Financial Inclusion

Federal Bank, a leading private sector bank has signed up with fintech company Kaleidofin Private Limited for use of ki view – kaleidofin’s risk infrastructure product powered by ki score. This partnership will enable Federal Bank to enhance its risk assessment and management capabilities for its Microfinance loan portfolio, and widen its outreach across the unbanked and underbanked customer segments in India.

Federal Bank has been at the forefront of driving financial inclusion and ensuring that its services are technologically advanced to support scalability to a wider customer base. This partnership aims to strengthen Federal Bank’s ability to assess its microfinance customers’ financial health at the time of onboarding and improve portfolio monitoring capabilities throughout customer loan journeys. In addition to this, the envisioned solution will provide deeper insights for business expansion and improved risk management, particularly in the informal banking sector.

Commenting on the collaboration, Harsh Dugar, Executive Director, Federal Bank, said: “The Bank is currently running in mission mode to reach out to the unbanked segment of India. Furthermore, as a Bank, our focus is to ensure that all our services are technologically-enabled to offer scale and ease of use for our stakeholders. By combining both, we believe we have a tremendous opportunity to offer the Bank’s varied services to the entire country. Kaleidofin’s risk infrastructure product is appropriately aligned with the above objectives of the Bank. Their Risk Infra solution product ki view, backed by ki score, will help us in periodic assessment of customer financial health during onboarding and their loan journeys, and also provide insights to the Bank to expand business and manage risk in the microfinance segment.”

Sucharita Mukherjee, CEO and Co-founder of Kaleidofin, added “At Kaleidofin, we are committed to bridging the financial gap for individuals and enterprises in the informal economy. Our deep understanding of this segment, combined with Federal Bank’s focus on technology-driven financial inclusion, creates a powerful opportunity to drive meaningful impact. By leveraging our Risk Infra solution, ki view with ki score, we aim to enable responsible and data-driven lending, unlocking financial opportunities for millions, especially women entrepreneurs, across India.”

Established in 2017, Kaleidofin is a fintech platform whose mission is to build a digital ecosystem to ensure finance for everyone, everywhere. Kaleidofin has developed the ki credit platform, combining credit health assessment tool (ki score), middleware rails, risk management dashboard (ki view) and debt capital markets structuring capabilities, that creates tailored finance products for customers and small businesses, and accelerates the flow of finance to impactful and inclusive originators from banks, mutual funds, pension funds, development financial institutions and other deep pools of capital. The platform has unlocked debt capital of over USD 3.8 billion for 6 million customers and small enterprises working in the informal economy. By building risk infra capabilities for the informal sector customer, innovating on debt structures that scale inclusion, structuring to meet risk, return, regulatory and impact requirements, Kaleidofin is taking an ecosystem approach to delivering financial inclusion via its platform, especially for women, agriculture, nano entrepreneurs and the youth, in India, Bangladesh and East Africa.