Agridence provides a digital trading platform that enhances transparency and traceability in the agri-commodity supply chain by utilizing cloud-based data management and mobile applications for real-time tracking. This technology addresses inefficiencies and risks in procurement processes, enabling stakeholders to make informed, data-driven decisions while promoting sustainable practices.
Funding
$11.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The agri-commodity industry faces challenges in maintaining transparency and traceability throughout the supply chain, leading to inefficiencies and increased risks in procurement processes. Stakeholders often lack access to real-time data, hindering their ability to make informed decisions and promote sustainable practices.
Solution
Agridence offers a suite of digital solutions designed to enhance transparency and traceability in agri-commodity supply chains. Their platform leverages cloud-based data management and mobile applications to provide real-time tracking of transactions and supply chain data. This enables stakeholders to make data-driven decisions, optimize supply chains, and mitigate risks. Agridence's solutions facilitate reporting to banks, government agencies, and trade associations, promoting better-informed choices and sustainable practices. The platform supports the physical procurement of natural rubber between traders/buyers and suppliers, offering live position updates, audit trails, and risk management tools.
Target Audience
Agridence targets stakeholders across the agri-commodity supply chain, including farmers, processors, traders, buyers, and regulatory bodies, with a focus on the natural rubber and cocoa industries.
Features
- Digital trading platform for natural rubber with live position updates, audit trails, and risk management features.
- Cloud-based data center for processors to manage factory operations and supply chain data, with offline data collection capabilities.
- Mobile app for supply chain actors to track transactions and traceability data in near real-time.
- Integration with blockchain-based traceability apps for deforestation prevention through GPS-verified raw material sourcing.
- Reporting tools for sustainability data in compliance with GPSNR's Reporting Requirements (RR).
- Partnership with the Cocoa Association of Asia (CAA) to strengthen connections within the cocoa industry and support sustainable growth.