Deal Street

Kenya’s Apollo Agriculture Secures USD 1 Mn Debt Funding
Kenya’s Apollo Agriculture Secures USD 1 Mn Debt Funding

Apollo Agriculture, a Kenyan agri-tech firm that combines machine learning and automated operations technology to help small-scale farmers access the tools they need to maximize their profitability, has received a USD 1 Mn loan from the Agri-Business Capital Fund (ABC Fund).

Apollo Agriculture is a commercial farming platform for small-scale farmers that employs machine learning and automated operations technology to provide them with resources such as financing, insurance, farming supplies, and tailored guidance.

Apollo plans to use the funds to expand its service to additional smallholder farmers who are unable to obtain microfinance or commercial bank credit.