Egyptian agri-fintech startup AgriCash has announced the close of a seed funding round led by Alex Angels. The startup has not disclosed the amount raised but said it will be used to scale operations across Egypt and beyond. The startup will also use the funding to further develop its digital and AI-driven infrastructure.
AgriCash’s platform provides financing as well as offering AI-powered agronomic insights, zero-cost crop insurance, and digital tools to help farmers access local and global markets.
AgriCash was founded by Dr. Diaa Youssef and Dr. Mostafa El-Sehli. It seeks to solve the funding gap problem faced by millions of smallholder farmers in Egypt. The startup also offers interest-free Buy Now, Pay Later (BNPL) model. This makes it easier for farmers to get agricultural inputs and repay after harvesting and not incur any interest or debt.
AfriCash has onboarded over 1,500 active farmers, established partnerships with 60 certified suppliers, and listed 750+ agricultural products on its platform.
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.”
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