Deal Details

We are a AI & ML driven B2B and B2C digital lending tech platform for Financial Institutions and Non-Banking Financial Institutions to identify and work with credible profiles of Pre-qualified farmers. The technology brings together Institutions and communities of famers together on a single transactional platform by using its proprietary Close loop Card solution offered to Farmers to help them purchase Agri-inputs at right time and at best price. We have been able to reach over 3000 farmers across 5 major states in India and looking to expend to over 15 states in the next 12 months. Till date over USD 800K has been processed through the platform by the Financial Institutions and by March 2021 we have an order book of USD 1.5 Million with more than 5000 farmers using its Close Loop Smart Cards. It’s a USD 250 Billion agricultural credit market with over 150 Million farmers base. The Close loop clubbed with a Digital Wallet for virtual transaction management at the Merchants, we aim to on-board over 100K farmer by the end of 2021. The advantage for the Farmers is, lower interest rates, quick loan sanctions, easy to use and easy to repay options. On the other hand, it is low cost of acquiring a customer for FIs and institutional guarantees to better underwrite the risk. We will be able to disburse over USD 200 Million worth of loans through its platform by the end of 2022 in India alone.