Apollo Agriculture, a promising Kenyan agri-fintech startup, has secured $10 million in funding from Swedfund and ImpactConnect. This financial injection will bolster its rapid expansion across Africa, enabling the startup to equip more smallholder farmers with essential resources to boost profitability, adopt sustainable farming practices, and enhance food security.
By leveraging advanced technologies such as machine learning and automation, Apollo Agriculture is addressing the unique challenges faced by these farmers. They offer access to high-quality farming inputs, strategic financing, and digital advice via their platform.
Since its inception, Apollo Agriculture has made a significant impact, reaching over 350,000 farmers in Kenya and Zambia. The fresh funding will aid its broader expansion within Kenya, providing more farmers with the digital tools and financial support necessary for their success. This investment is expected to increase productivity and profitability while promoting sustainable farming.
The partnership with Swedfund and ImpactConnect marks a crucial milestone for Apollo Agriculture. The funding enables the potential to serve an additional 400,000 farmers during the loan term, accelerating Apollo's growth. The company expressed its gratitude for the trust and confidence placed in its vision by Swedfund and ImpactConnect and looks forward to achieving transformative growth together.
Source: innovation-village.com
