6 Agri-Fintech Startups in Asia to Follow in 2020

Agritech, which refers to the use of technology and technological innovation to improve the efficiency and output of agriculture, is poised to have a major impact across the world, and most particularly emerging markets, reports reports Fintech Singapore News.

Agritech covers a wide and varied range of companies that offer everything from precision agriculture solutions and farm management software, to Internet-based distribution channels, robotics and drones, leveraging technology such as sensors, the Internet-of-Things (IoT), big data, and artificial intelligence (AI).

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Today, we look at six agri-fintech startups from Asia serving the farming community to follow closely in 2020.

FarMart (India)

FarMart started out as a platform connecting farmers that needed agri-machineries to other farmers who could provide it on rent, before expanding its offering to loans.

The platform now helps smallholder farmers get access to low cost digital credit by providing them a virtual credit card through which they can purchase farm inputs at its offline retail channels.

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