FUNDINGUpdated 1 months ago

Apollo Agriculture

Apollo Agriculture: Kenya/Zambia agri-fintech. USD 64.7M raised across 10 rounds. 350,000+ farmers. Swedfund + ImpactConnect USD 10M Jan 2024. DFC USD 9.5M loan.

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Key Information
Organisation
Apollo Agriculture
Location
Kenya, Zambia
Status
Open
Application Deadline
Rolling
Type
Loan
Amount
USD 50 to 500
Size
micro
Language
English
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Description

Apollo Agriculture is a Kenyan agritech-fintech company that bundles together high-quality seeds and fertilizers, weather-indexed insurance, advisory content, and input credit for smallholder maize farmers. Farmers do not pay upfront for inputs and instead repay from harvest proceeds. Apollo has raised USD 64.7 million across 10 rounds, including USD 10 million from Swedfund and ImpactConnect in January 2024 and a USD 9.5 million loan from the US International Development Finance Corporation (DFC). The company serves over 350,000 farmers across Kenya and Zambia and is one of the few African agri-fintechs to demonstrate scalable smallholder lending unit economics.

Focus Sectors

Smallholder Agriculture, Input Credit, Crop Insurance