Cairo - Sharikat Mubasher: Egyptian agri-fintech company, AgriCash, closed a pre-seed funding round to bolster financial inclusion and drive digital transformation in the agricultural sector.
In a recent statement, AgriCash unveiled that the round was led by Alex Angels and witnessed participation from several strategic investors.
The new capital will help AgriCash elevate its operations in Egypt, expand into new regional markets, and accelerate the implementation of its technology roadmap, especially the development of AI-based support tools designed to improve farmers’ productivity.
AgriCash aims to solve the chronic funding gap faced by millions of smallholder farmers in Egypt. It offers an interest-free Buy Now, Pay Later (BNPL) model, enabling farmers to obtain agricultural inputs and repay after harvest without incurring any interest or debt.
CEO Diaa Yousef stated that AgriCash is the first fully integrated agri-finance system that combines funding, insurance, and real-time technical support into a unified solution.
Meanwhile, Loay El-Shawarby, Co-founder of Alex Angels, highlighted AgriCash’s mission to bridge the massive market gap through a visionary founding team and a strong plan for regional expansion.
Along with financing, AgriCash provides AI-powered technical support to help farmers improve productivity, along with free crop insurance to mitigate unexpected losses. To date, the company has onboarded more than 1,500 active farmers, collaborated with 60 certified suppliers, and listed over 750 agricultural products on its platform.
