FinTech: Paris-based Startup finres Harvests US$4.5M To Enable Better Agricultural Investments

July 11, 2023 | News, Venture Capital

finres is science-based startup that mobilizes AI, big data and sciences to make agricultural investment decision-making robust and fast.

Paris-based fintech startup finres has secured €4.1 million (US$4.5 million) in funding to enhance agricultural investments. The funds will support the launch of their investor platform, R&D activities, and expansion across Africa, the Americas, Asia, and Europe.

Speedinvest and Illuminate Financial Management led the seed funding round, with participation from AFI Ventures, Kima Ventures, Plug & Play, Raise Sherpas, Tiny VC, and Better Angle, as well as angel investors. (Tech-eu)

By combining science and investment, finres aims to drive better agricultural investments through their AI-assisted platform, which provides loan underwriting services accounting for climate and price risks. Since its establishment in 2019 by Florent Baarsch, finres has influenced over €1.4 billion in deployments across 32 countries, serving clients such as the World Bank, the United Nations, AFD, and CRDB.

Baarsch highlighted the need for collaboration between scientists and public and private investors to address agricultural industry resilience.

Speedinvest’s Alexis Majos said finres had a unique ability to bridge the gap between science and investment, enabling financial institutions to uncover opportunities supporting agricultural resilience.

Related Story:  Dutch AI Agtech Raises $23M Series A

Photo by rajeev ramdas on Unsplash

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