Egypt's Agri-Fintech AgriCash Secures Pre-Seed Funding to Boost Financial Inclusion for Farmers
The Egyptian agri-fintech platform AgriCash has announced the successful closure of a pre-seed funding round. The investment was led by the "Alex Angels" group along with several other strategic investors. The company plans to use the capital to expand its operations within Egypt and into new regional markets.
By the Numbers
1,500+: Active registered farmers currently on the platform.
100,000+: Farmers reached through the company's offline field awareness campaigns.
EGP 3 Million: The credit limit offered to farmers through the platform.
EGP 500 Million: The business volume target set by the company for the end of 2025.
A BNPL Model for the Agricultural Sector
Founded by Dr. Diaa Youssef and Dr. Mostafa El-Sahly, AgriCash was created to address the significant financing gap faced by millions of farmers in Egypt. The company has introduced an innovative "Buy Now, Pay Later" (BNPL) model specifically for the agricultural sector. This service allows farmers to acquire essential production supplies (for agriculture and livestock) with interest-free financing for up to 12 months, overcoming challenges like complex banking procedures and a lack of compliant financing solutions.
More Than Just Finance: A Comprehensive Support Platform
Beyond its core financing product, AgriCash provides a holistic support system for farmers. The platform offers:
AI-powered technical support to help improve productivity.
Free crop insurance to mitigate risks from unforeseen events.
Digital marketing tools to help farmers access local and international markets for their produce.
Fueling Expansion and Tech Development
The new funding will be used to accelerate the digitization of the Egyptian agricultural sector. AgriCash will expand its operations within Egypt, prepare to enter new regional markets, further develop its digital infrastructure and AI tools, and complete integrations with its financing and insurance partners.
Looking Ahead: Ambitious Growth and New Products
AgriCash has set ambitious goals, aiming to achieve a business volume of EGP 500 million by the end of 2025. The company also plans to launch new products, including livestock financing, by 2026. This is part of its broader vision to build an integrated agricultural financial ecosystem that connects financing, insurance, technical support, and marketing to enhance the sustainability and competitiveness of Egyptian agriculture.
Source: Jawlah