To assist agri-tech startups scale, Emerald Africa offers financing facility

Africa’s rural and agri-tech startups are eligible to apply for the Emerald Africa Financing Facility, which lends money to early-stage digital innovators opening up more financing options for small and medium-sized enterprises in rural areas.

Emerald Africa, a program run by the Small Foundation, enables founders to retain their equity while providing funding for loan books for start-up businesses.

The funding is tailored to the needs of entrepreneurs and is targeted at Sub-Saharan African-based digital innovators offering credit with a rural or agricultural focus who have completed a pilot found their target market, and are in the pre-seed or seed stage.

Applications are open until December 31, 2023.