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Agritech Company Cropin, Launches World’s First Purpose-Built Cloud For The Agricultural Industry

Agritech company, Cropin has announced the launch of its Cropin cloud

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According to World Food Programme WFP, as many as 828 million people across the globe, go to bed hungry every night, as the number of those facing acute food insecurity has soared from 135 million to 345 million, stating that the agricultural sector is under huge pressure to increase.

In a bid to support the agricultural sector by reducing food shortages and worldwide hunger, Agritech company, Cropin has announced the launch of its Cropin cloud.

This new technology will bring together a suite of agriculture digitization applications, access to powerful, ready-to-use data sources, and AI-powered agri-intelligence into an integrated, easy-to-use platform to accelerate digital transformation across the agri-ecosystem

The company which was founded in 2010, with several of its products present in 92 countries, is backed by investors including the Bill and Melinda Gates Foundation and CDC Group, as it is set on digitizing the agricultural industry.

It has also partnered with over 250 B2B customers and has digitized 26 million acres of farmland. It claims the world’s largest crop knowledge graph of more than 500 crops and 10,000 crop varieties.

Founder and CEO of Cropin, Krishna Kumar disclosed that Cropin Cloud was developed because the agriculture industry does not have access to a “unified, coherent platform that can enable and help build a wide variety of solutions,” even as it faces disruptions caused by climate change, geo-political tensions, food supply chain disruptions and a growing global population.

“The global agricultural ecosystem is gigantic in depth and breadth, but strangely, the tools to capture and share data coherently are sorely missing,” he added.

The newly launched technology, Cropin Cloud offers so many benefits to the agricultural industry. It can be used by agribusinesses of all sizes.

It also has three sub-platforms that allow farmers and other stakeholders in the food value chain to access tools for earth observation, remote sensing, and data and machine learning to help them better manage crops and harvests.

It also helps farmers track deforestation and carbon emissions.

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DAI Magister Academy Launched to Support Emerging Market Start-up Founders

First cohort of ten African start-ups completed as Academy unveils broader roll-out

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Digital Start Ups - Investors King

A new Academy for early-stage companies has been launched by DAI Magister, the boutique investment bank offering full advisory services for transactions within the climate, fintech, tech-enabled commerce and communications sectors.

The DAI Magister Academy is a free service aimed at companies that have already raised at least $2m, and who are looking to raise a larger round, but one that is below DAI Magister’s traditional $30m+ round size focus.

The Academy has already provided this service successfully to its first cohort of ten African companies and is now rolling out more broadly across the African ecosystem and eventually into other emerging markets such as MENA and Pakistan. In addition, the plan is to provide this service to companies in Europe focused on climate tech, where DAI Magister has deep expertise.

Victor Basta, Co-Head, DAI Magister Ltd, stated: “We have developed this individualized program to stand apart from the traditional and more generic set of services generally offered to early-stage companies.  For us the primary focus is to provide free, tailored advice to each specific company.  This means a far more responsive and knowledgeable approach based on local market experience. To date we have run ten companies through the Academy from across Africa and the response has been terrific.

“Our objective is to help founders and start-ups to focus on what that company needs to improve, highlight and/or get right before it raises a larger round.  Founders get one go at this often challenging milestone, so it is imperative they get the basics right to secure a successful next round of fundraising.”

The DAI Magister Academy focuses on three core areas: reviewing and challenging equity stories; reviewing target investor lists and suggesting additional potential investors; and reviewing the company’s financial model and suggesting improvements where necessary.

Individualized support is provided to each company in the Academy, spending time with the team to understand the business and its focus, as well as analyse how it performs against the three core metrics. The output is a specific customised confidential feedback report.

Basta concluded: “For those founders and companies with huge ambition, the DAI Magister Academy is a resource we would urge them to take advantage of.  This service is entirely free with the work being done by the same professionals who advise larger companies through significant fundraises.  The teams therefore have the knowledge and experience of knowing what best-in-class looks like when an ambitious business looks to raise $30m+ and eventually much more.”

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Fintech Startup Carbon Finance Partners Carepay to Eliminate Limitations in Accessing Quality Healthcare Services

Carbon Finance a Nigerian fintech startup that provides access to basic financial services has partnered with Carepay a healthcare startup to provide its customers with discounted services on their healthcare needs.

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Carbon - Investors King

Carbon Finance, a Nigerian fintech startup that provides access to basic financial services, has partnered with Carepay a healthcare startup to provide its customers with discounted services on their healthcare needs.

Through this partnership with Carepay in an effort to improve access to healthcare services, Carbon Finance will offer support to customers by offering discounts when payment is made with their Carbon debit cards within the designated Carepay healthcare provider network. These discounts will be received in the form of cashback to their Carbon accounts. 

Speaking about the partnership, Carbon’s Co-Founder Chijioke Dozie Said, “This partnership is a milestone accomplishment as it’s the first brand association of CarePay’s healthcare discount program with a Nigerian fintech company.” 

“At Carbon, we believe our consumers deserve only the best, that’s why we are leveraging a powerful partnership to eliminate financial drawbacks and limitations to accessing quality healthcare. This is one of the many ways we at Carbon show customers we care.”

Also speaking on the partnership, CarePay Nigeria’s Managing Director Yomi Sule said, “This partnership with Carbon is a validation of our healthcare discount business model which allows financial service enterprises to embed healthcare benefits such as discounts, cash backs, and telehealth into their value proposition in order to drive affordability of healthcare services for their customers and brand loyalty for the enterprises.”

“CarePay’s innovative healthcare discount program, which is the first of its kind in Nigeria, has a preferred provider network that includes leading healthcare merchants such as MedPlus Pharmacy, Synlab, Outreach Hospital Group, Smile360 Dental, Lily Hospital Group, Exclusive Dental, Amara Medicare, Shield specialist hospitals, Pure Snow Dental, Bethel Dental, Optilens eye clinic, and hundreds more, from which the discount program subscribers can access sizable discounts negotiated by CarePay.”

“Providing more context to the many benefits that Carbon customers stand to benefit from, Sule also positioned that, “With only 10 million Nigerians, which is less than 5 percent of the population currently covered by health insurance, this creates a great concern.

“By partnering with Carepay, Carbon Finance will offer cashback in form of healthcare discounts to their debit card customers. Healthcare should be affordable, and with a Carbon debit card, customers stand to enjoy up to 25% cash back at designated healthcare providers enlisted in the CarePay healthcare discount program”.

It should be recalled that in 2021, Investors King had reported that Carbon Finance processed ₦96.54 billion ($240 million) payments in 2020.

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Sendy Partners With Meta to Offer Free Training to SMEs in Kenya And Nigeria

Kenyan logistics startup that connects clients to drivers Sendy, has partnered with Facebook parent company Meta, through the Innovation growth hub (IG Hub) to train small business owners and entrepreneurs in Kenya and Nigeria.

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Kenyan logistics startup that connects clients to drivers Sendy, has partnered with Facebook parent company Meta, through the Innovation growth hub (IG Hub) to train small business owners and entrepreneurs in Kenya and Nigeria.

The two-day training which is slated to hold between September 28 and 29 will educate business owners and entrepreneurs on the necessary digital skills and information they need to acquire to scale their business.

Through its partnership with Meta, Sendy disclosed that these SMEs, Small Business Owners, and entrepreneurs will be empowered on how to leverage digital skills using Meta Platforms; Facebook, Instagram, and WhatsApp to position their business for growth.

They will be trained on how to amplify their business online presence, target customers on social media, as well as creating engaging ads, virtual stores amongst others, on the different social media platforms.

Speaking on the program CEO and founder of Sendy Mesh Alloys said, “Social media has evolved to be a critical enabler supporting the growth of many businesses.

“We believe that this partnership with Meta through the IG Hub will provide a platform for businesses to leverage the power of digital platforms for growth. This also speaks to our continued efforts to empower more businesses using our solutions”.

Also commenting on the program is the CEO of IGHub Daniel Chinagozie who said, “In 2022 Innovation Growth Hub (IGHub) is working with META formerly Facebook to train 8000 Small Business owners in Nigeria, and this IGHub is working with organizations and clusters to reach small businesses and Sendy has shown great interest in their customers and SMEs within their network and is partnering with IGHub to reach Business owners with MetaBoost Training”.

Since its inception, the Meta Boost training has helped thousands of small and medium-sized businesses across Africa, to learn how they can use digital tools to scale their business.

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