Accion

Accion is a global nonprofit organization founded in 1961 and headquartered in Cambridge, Massachusetts, dedicated to promoting financial inclusion. The organization works to provide underserved individuals and small businesses with access to essential financial tools that can enhance their lives and foster community growth. Accion engages with financial service providers to deliver affordable, high-quality solutions at scale, challenging industry norms and advocating for regulatory changes to support financial accessibility. Through its Venture Lab initiative, Accion invests in innovative fintech startups that utilize technology and new business models to improve the quality and reduce the cost of financial services for those traditionally excluded from the formal economy. The organization offers both financial investments and strategic support, including governance and operational assistance, to help these startups grow and succeed. Accion's commitment to enhancing financial health and capabilities aims to create a more inclusive financial landscape globally.

Njord Andrewes

Managing Partner, Accion Digital Transformation Fund

Paarul Dudeja

Investment Director - Asia

Sebastian Molina Gasman

Investor

Ashley Lewis

Director, Africa - Accion Venture Lab

Paolo Limcaoco

Principal, Accion Venture Lab

Amee Parbhoo

Managing Partner, Accion Venture Lab

Vikas Raj

Managing Director, Accion Venture Lab

Michael Schlein

President and CEO

Raliat Sunmonu

Vice President and Program Manager, MEA

Past deals in Agriculture

AquaExchange

Seed Round in 2022
AquaExchange is a technology platform for shrimp and fish farmers.

Agrim

Series A in 2022
Developer of an agricultural inputs e-commerce marketplace designed to connect retailers and manufacturers. The company's marketplace connects rural retailers directly with manufacturers and provides value-added services like distribution, logistics, marketing and credit to improve the supply chain, enabling retailers to discover quality products at the right price and get on-time delivery.

Agrim

Seed Round in 2021
Developer of an agricultural inputs e-commerce marketplace designed to connect retailers and manufacturers. The company's marketplace connects rural retailers directly with manufacturers and provides value-added services like distribution, logistics, marketing and credit to improve the supply chain, enabling retailers to discover quality products at the right price and get on-time delivery.

Agrim

Seed Round in 2021
Developer of an agricultural inputs e-commerce marketplace designed to connect retailers and manufacturers. The company's marketplace connects rural retailers directly with manufacturers and provides value-added services like distribution, logistics, marketing and credit to improve the supply chain, enabling retailers to discover quality products at the right price and get on-time delivery.

TerraMagna

Seed Round in 2020
TerraMagna is a fintech company established in 2017 and based in São José dos Campos, Brazil, that specializes in providing financial solutions for agribusinesses in Latin America. By utilizing technology and alternative data sources, TerraMagna aims to mitigate risks associated with agriculture, transforming a traditionally volatile process into a more manageable experience. The company offers a range of financial products, including personal loans, embedded buy now pay later options for agricultural inputs, and crop-collateralized financing. These services are accessible through a user-friendly web interface, designed to cater to the specific challenges and opportunities faced by retailers, industries, and farmers. TerraMagna also facilitates fair credit access for agribusinesses while providing investors with opportunities for high-yield, market-uncorrelated assets.

Arya Collateral

Series C in 2020
Arya Collateral Warehousing Services Private Limited specializes in post-harvest services that support the agricultural value chain. The company offers a range of storage and logistics solutions, including warehousing, fumigation, quality testing, and port handling. It also provides stock audits for commodity loans and cash credit, as well as procurement facilitation services that assist with on-field farmer procurement and export assistance. Additionally, Arya offers consulting services focused on the post-harvest value chain, farm linkages, and commodity-based finance. The company caters to a diverse clientele, including farmers, farmer producer organizations, processors, financial institutions, agri-corporations, international buyers, and development actors. Established in 1982, Arya Collateral Warehousing Services is headquartered in Noida, India.

Apollo Agriculture

Series A in 2020
Apollo Agriculture is a company based in Nairobi, Kenya, that provides essential financial and technical support to smallholder farmers in emerging markets. Founded in 2015, it offers customized farming loans that enable farmers to purchase vital inputs such as seeds, fertilizers, and crop insurance. Utilizing agronomic machine learning, remote sensing, and mobile technology, Apollo assesses credit risk and tailors its services to each farmer's specific circumstances, enhancing their productivity and profitability. By leveraging satellite and soil data, along with insights into farmer behavior, Apollo aims to double farm yields and promote sustainable agricultural practices. The company's innovative approach combines technology with expert advice, positioning it as a key player in the agricultural sector.

Agrim

Seed Round in 2020
Developer of an agricultural inputs e-commerce marketplace designed to connect retailers and manufacturers. The company's marketplace connects rural retailers directly with manufacturers and provides value-added services like distribution, logistics, marketing and credit to improve the supply chain, enabling retailers to discover quality products at the right price and get on-time delivery.

Apollo Agriculture

Seed Round in 2016
Apollo Agriculture is a company based in Nairobi, Kenya, that provides essential financial and technical support to smallholder farmers in emerging markets. Founded in 2015, it offers customized farming loans that enable farmers to purchase vital inputs such as seeds, fertilizers, and crop insurance. Utilizing agronomic machine learning, remote sensing, and mobile technology, Apollo assesses credit risk and tailors its services to each farmer's specific circumstances, enhancing their productivity and profitability. By leveraging satellite and soil data, along with insights into farmer behavior, Apollo aims to double farm yields and promote sustainable agricultural practices. The company's innovative approach combines technology with expert advice, positioning it as a key player in the agricultural sector.
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