Exclusive: Mexico’s Verqor and Brazil’s Traive partner, plan new product to bring more AI to agrifinance
Using Verqor’s market reach and Traive’s AI tech, the new product will speed up access to credit for smallholder farmers.
Using Verqor’s market reach and Traive’s AI tech, the new product will speed up access to credit for smallholder farmers.
A first-of-its-kind report by AgFunder and ISF Advisors, backed by the Bill & Melinda Gates Foundation, highlights the pressing need to invest in climate adaptation for smallholder farmers.
Gates Ag One will focus on crop innovations that benefit yields and livelihoods of smallholder farmers in sub-Saharan Africa and South Asia.
ThriveAgric has a target to provide $500 million in credit to 10 million smallholder farmers by 2027 and $1 billion to 20 million by 2050.
The Varaha platform measures and quantifies carbon sequestration for regenerative agriculture, afforestation and biochar projects.
Overhauling the global food system could end undernutrition by 2050 and provide sufficient income to millions, says nonprofit.
A new One Acre Fund program will act as a “resilience shield” for the 97% of smallholder farmers in Africa lacking insurance.
AAII participants said collaboration can positively impact everything from policy to infrastructure gaps to supply chain issues.
Farmtech funding for Southeast Asia startups has steadily grown since 2018 despite the overall drop in VC dollars to the region.
Empowering African agrifoodtech startups in terms of funding and business strategy remains at the core of the new program.
The Middle East, Africa and South Asia have many ties between them that create a huge market opportunity for agrifoodtech.
Verqor will become a direct financial lender to farmers and approve loan applications in “48 hours or less.”
While VCs pumped just $3.2 million into farm management software for African agriculture, this is up from 2021.
Mercy Corps Ventures and Farm Star are testing the use of Web3-enabled rewards to drive adoption of regenerative agricultural practices.
As smartphones have proliferated and technological advancements have enabled more transparency around agricultural products and pricing, farmers are gaining more trust in online tools as a means to do business and improve their finances.
DeHaat will exclusively sell formulations from Global BioAg Innovation (GBI) and Australia’s Aussan Laboratorie to smallholders in India.
Startups in the Ag Marketplaces & Fintech category raised $191 million in 2022 to bring more efficiency to the agrifood supply chain.
Tawi Fresh launched this year to connect smallholder farmers in Kenya more directly to markets, financing and fairer pricing.
The Yield Lab Latam is targeting a $50m final close by the end of the year.
Aquaconnect will use the new capital to build up its product portfolio for both pre-harvest and post-harvest services for the aquaculture industry.
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