Agrofin leverage open banking and real-time analytics (AI) to provide customized financial solutions for farms. Farmers access loans and grants in minutes, rather than waiting for months with our new generation Farm Scoring System.
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(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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How much of this round already committed?
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TEAM

How much time do the founders spend on the business?
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Is there a founder with previous co-founder / c-level at startup experience?
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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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What percentage of company is owned by founders?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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Graduation year from EUR, Erasmus MC or TUDelft
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OTHER

Year founded
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Patent status
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€1 - €1K
Growth rate month over month
8-12%
Monthly revenue context
Number of paying customers
0
Monthly active users
0

INVESTMENTS

Do you have a lead investor?
Nope
How much have you raised in the past?
0
How much of this round already committed?
We just started
When are you aiming to close this round?
Q3

TEAM

How much time do the founders spend on the business?
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
Yes
What percentage of company is owned by founders?
100% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2023
Patent status
Nope

Basic details

Amount raising
250000
Country
Finland
Industry
AgriTech, FinTech, Saas
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
May 5, 2024

Key Achievements

  • We currently have 2 full-time employees and 2 freelance support members in our team. The open banking features of our product have been successfully completed. These features include displaying all bank accounts on a single screen, monitoring and reporting of account transactions, ERP integration for accounting and tax transactions. We are planning to launch our product at this stage, but the launch has not been realized yet. In the second phase, it is aimed to process the data obtained, make evaluations such as credit score, business score, carbon score and offer banking and insurance products, micro loans for agricultural inputs and technology products and installment options in accordance with these scores. These features are currently under development. So far, 8 farms that have shown interest in our product are on our waiting list. In Finland, we are in ongoing discussions with Nordea, as well as partnering with MTK and ProAgria. MTK is a major NGO with 316,000 farmer members in the region, while ProAgria is a specialized NGO working with Nordea on farm management. We are in discussions with open banking API integration providers Plaid, Yapily and Enable Banking to bring our product to market, but we face cost challenges and are seeking investment.

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