AgriCash, a financial technology company in Egypt that focuses on helping farmers, has raised money in a pre-seed investment round. This round was led by Alex Angels, one of the top angel investor groups in Egypt.
AgriCash was started by Dr. Diaa Youssef and Dr. Mostafa El-Sehli to help solve the big problem small farmers in Egypt face—not being able to get enough funding.
Since 2016, it’s become harder for farmers to get money through traditional financing. Many are left out because of religious reasons, complicated paperwork, and because banks think lending to farmers is too risky.
AgriCash provides an interest-free Buy Now, Pay Later (BNPL) service. This allows farmers to get the tools and supplies they need for farming and pay back the cost after the harvest without paying any interest or taking on debt.
Besides offering financing, AgriCash also gives farmers AI-powered advice to help them grow more crops. It also provides free crop insurance to protect them from unexpected losses.
So far, AgriCash has helped over 1,500 active farmers, partnered with 60 certified suppliers, and added more than 750 farming products to its platform. Through community events and awareness campaigns, the company has also reached over 100,000 farmers who aren’t online, helping them build trust and learn more about using digital tools in farming.
AgriCash brings together financing, smart farming advice using AI, free insurance, and access to markets to create a complete support system for farmers.
This tech-based system helps connect farmers with banks, exporters, insurance companies, and farming experts, making farming more inclusive, modern, and sustainable for everyone involved.
Dr Diaa Youssef, AgriCash’s Co-Founder and CEO, stated:
“AgriCash is the first fully integrated agri-finance system combining funding, insurance, and technical support in a unified solution.”
Louay El-Shawarby, Co-Founder of Alex Angels, added:
“AgriCash is targeting a massive market gap with a visionary founding team and a strong plan for regional expansion.”
With this new funding, AgriCash plans to grow its services across Egypt and start working in new countries in the region. It will also speed up the development of its technology, especially its AI tools that help farmers grow more and work better.
These plans are a big step forward in AgriCash’s goal to become a top agri-fintech platform in developing countries by helping farmers through innovation, inclusion, and sustainable growth.
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