The agricultural-focused fintech firm, KiVi, recently announced a successful seed funding round where they amassed Rs 15 crore. Leading the investment were notable names like Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, and Impact Innovators and Entrepreneurs Foundation, among others.
Emerging from the nurturing environment of IIT Madras Research Park, KiVi has shown significant promise.
With the influx of funds, KiVi aims to amplify its technological infrastructure, extending its presence to even more districts. Furthermore, the startup plans to enhance its product portfolio, solidify its risk management strategies, and is eyeing an NBFC license.
Under the visionary leadership of founder Joby C O, KiVi has pioneered a unique technology-driven platform, treating farming as a viable business venture. The platform is a comprehensive hub, offering farmers a myriad of services, from agronomy and input supply to buyer aggregation, logistics, and warehousing. Moreover, it provides essential financial services, quality control, and risk management solutions.
As of now, KiVi’s operations are primarily in Tamil Nadu and Bihar. They have a commendable track record, having facilitated credit access for over 1,500 farmers. Additionally, the startup has diversified its portfolio by offering MSME loans to agri-business entrepreneurs and fostering trade finance in staple commodities like wheat, paddy, and maize.
In a recent update, KiVi unveiled its newest service – farm loans. This addition to their platform paves the way for small-scale farmers to secure structured, timely, and cost-effective credit from reputable lenders.
