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Disrupting the $240bn market for agri-financing in Africa by providing digital loans to farmers.

PROBLEM

Banks don't lend to farmers in Africa. Despite the fact that agriculture is 20-30% of GDP, African farmers get no loans to invest in their farms. This creates a $240bn opportunity that is now mainly serviced by very expensive informal money lenders that charge 10-20% per month (!). Our beneficiaries are farmers from small to large.

SOLUTION

We provide affordable digital loans to farmers. We combine the efficiency of technology with a distribution model in which we partner with cooperatives, aggregators, etc. The technology allows us to service many farmers at scale at marginal costs. Our partnerships allows us to reach farmers at scale, collect data for our alternative credit scoring algorithms, and collect repayments for us.

Sector:

Agri/Fintech

Customer:

B2B

Founding year:

2020

Geography:

Uganda

Website:

Click here

TEAM

Bram Willem van den Bosch

Dario Raffaele

Timothy Musoke

Marius Andreas Koestler

The core team worked together prior for many years at an African fintech that builds new banks and helps digitize banks in East Africa. We are equal in brilliance and drive, yet differ in the expertise we bring that stretches agricultural finance, deep technology, product management, and data science. We know like no others that this market is ripe for disruption and how it can be done.

THE SELECTED STARTUPS

2022

NitroCapt

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Agro/FinTech
2022

Vitala Health

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Healthcare
2022

uMore

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Healthcare
2022

SunFi

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Energy/Fintech
2022

Spoor

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Green/CleanTech
2022

SiteAI

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HealthTech
2022

Scase

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HealthTech
2022

LEIA

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Healthcare
2022

HealthDart

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Healthcare
2022

Green-On

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Foodtech
2022

Fixa

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Fintech
2022

Umoja

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Agri/Fintech
2022

Emata

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Agriculture
2022

Clafiya

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Healthcare
2022

Basys

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Healthcare
2022

Appload Holding

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Transportation
2022

Power Financial Wellness

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FinTech
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ANA

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Healthcare
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Paradiset

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FoodTech
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Motito

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FinTech
2021

Sensegrass

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Toxic agricultural waste
2021

Nash

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Payments infrastructure
2021

Agrowfi

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Wage gaps
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Wala Health

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Blood Shortages
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CemVision

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Unsustainable building materials
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Kwara

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Unbanked populations
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Molecular Attraction

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Mosquito-borne diseases
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My Pick

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Healthcare staffing
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Complete Farmer

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Broken agriculture system
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Simbi

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Child literacy
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Asilimia

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Small business financing
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Arnie Impact

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Unsustainable investing
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Xilinat

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Diabetes & obesity rates
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Wellahealth

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Access to healthcare
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PesaChoice

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Access to capital
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Africa AI Labs

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Digital upskilling
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Cling Systems

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Battery sustainability
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Nilus

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Food waste
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Gradely

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Access to quality education
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CRIB MD

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Healthcare exclusion
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