Avenews

Financial Management Platform for Agribusiness

Fintech & Insurtech
Active
Seed Tel Aviv-Yafo Founded 2017
Total raised
$3.6M
Last: Seed 2021-01
Stage
Seed
Founded
2017
Headcount
31
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech

About

Avenews developed a digital agribusiness management platform that creates an infrastructure for financial institutions to provide services to their agribusiness customers who operate across supply chains in emerging markets. On one hand, the platform enables agribusinesses to manage all their business and trade operations in one place including inventory, invoices, orders, and payments. On the other hand, the platform operates as a digital infrastructure that enables financial institutions to access agribusiness data that previously was out of reach, reduce risk, and distribute financial services to agribusinesses across the supply chain directly on the platform. Every interaction on the platform is stored in a verified and vetted asset on the Avenews blockchain, creating a digital economic identity for every agribusiness across the supply chain. Avenews is already working with Africa's largest banking groups to bridge their gaps with the agricultural industry and finance their agricultural business customers across the continent.

Funding history · 2 rounds · $3.6M total

2021-01
Seed $3.0M
2017-09
Pre-Seed $600K

Sectors & technology

Primary sector
Fintech & Insurtech
Sub-sectors
Agriculture & Food TechnologiesAg TechFood TechFood Trade & ServicesFintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesSoftware
Target customers
Financial ServicesFinancial InstitutionsFood Retail & ConsumptionWholesale
Business model
B2B

Highlights

Verified

Tags

retailersmanagement-solutionsfarmerssmallholder-farmsshippingbankspostharvestfinancial-institutionssupply-chainecommerceagtechfarm-to-consumerfood-and-beveragelogisticsblockchainagribusiness