Farm Infinity is a digital agri-fintech platform that utilizes a patented algorithm to assess the creditworthiness of farmers by analyzing data from government databases. The platform provides smallholder farmers and agribusinesses in rural India with easy access to affordable loans and insurance, addressing the lack of financial services and reducing non-performing assets for lending institutions.
Funding
$120K 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
Smallholder farmers in rural India often lack access to affordable loans and insurance due to limited credit history and the difficulty of assessing their creditworthiness using traditional methods. This lack of financial inclusion hinders their ability to invest in their farms and improve their livelihoods.
Solution
Farm Infinity is an agri-fintech platform that provides smallholder farmers and agribusinesses with access to affordable financial services. The platform uses a patented algorithm to analyze data from government databases and other sources to assess the creditworthiness of farmers. This enables lending institutions to make informed decisions about providing loans and insurance, reducing their risk of non-performing assets (NPAs). The platform offers a multi-lingual mobile application for farmers to easily apply for loans and insurance, and provides a digital dashboard for financial partners to monitor their loan portfolio in real-time.
Target Audience
The primary target audience includes smallholder farmers, farmer collectives (FPOs/FPCs), and agribusinesses in rural India, as well as banks, microfinance institutions (MFIs), and non-banking financial companies (NBFCs) seeking to expand their reach in the agricultural sector.
Features
- Patented proprietary algorithm to determine creditworthiness of farmers based on multiple parameters and government data analysis
- Mobile application for farmers to apply for loans and insurance in multiple languages
- Digital KYC and farmer 360° data capture
- Creditworthiness scorecard and assessment report for financial institutions
- Cloud-based Banking-as-a-Service (BaaS) platform for real-time monitoring of loan assets and portfolio
- GPS integration for farm location data
- Digital dashboard for financial institutions with credit scorecard and assessment report
- Biometric authentication