Eastern and Southern Europe have recently seen the entry of Tarfin and Agro.Club, two agri-fintechs that are expanding into new markets. These regions have sufficient data availability which can be used to localize risk algorithms. They also have a large population of small to medium-sized farmers.
Fund II will invest in ag biotech and digital solutions up and down the agrifood value chain, from fintech solutions to crop science and animal health.
It recently announced the close of a $17.7 million funding round.
Nigeria’s ThriveAgric and Kenya’s Apollo Agriculture raised close to $100 million between them this week in a watershed moment for African agrifoodtech.
The accelerator plans to back 100 entrepreneurs working on financial and climate resilience innovation over the next four years.
The Kenyan retail platform connects small-scale merchants with FMCG brands and financing options so that they can grow their businesses.
It’s the startup behind grain trading and logistics platform CropChain and financial services provider LendIt.
TerraMagna is one of several startups in Brazil looking to improve farmers’ liquidity.
Agrolend will use the funds to increase its credit portfolio, enabling more options for farmers using its fintech platform.
The Bandung-based startup plans to launch into other major fish and shrimp farming markets, including China and India.
OKO Finance offers crop insurance to smallholder farmers in Mali – one of the few fintech companies focusing on the landlocked West African country.
The Argentine startup will use the funds to strengthen its e-commerce and fintech offerings, as well as for growing its footprint in Brazil.
It’s on a mission to help India’s 100 million dairy farmers and workers get access to formal banking and other financial services.
The St Paul, Minnesota-based startup will continue to build out its technology that connects lenders and farmers, giving the latter improved access to working capital.
E-grocers, online ordering, and door-to-door delivery have entwined how people buy and consume food with the gig economy. Mozare3 thinks how food is grown should be, too.
The fintech startup is creating a digital community of women who are financially empowering other women – namely, unbanked smallholder farmers.
The Kenyan startup is building a tech bridge between insurance companies and millions of smallholder farmers to protect them from climate change.
The online-to-offline platform aims to insure 10 million Indian smallholders to the tune of $135 million over the next three years.
The Brazilian VC secured investment from Banco do Brasil, one of the largest financial institutions in the country, as it sees continued momentum around ag-related fintech.
It saw an explosion of activity after the onset of Covid-19 as farmers sought ways to meet consumers’ rising demand for locally-produced food.
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