Safaricom's Spark Fund backs agricultural startup

Monday 13 February 2017 | 11:28 CET | News
Kenyan operator Safaricom said that its Spark Venture Fund has invested in FarmDrive, a data analytics startup that connects small-scale farmers to financial services. FarmDrive has developed an alternative credit-scoring model based on mobile phones and machine learning algorithms. It allows farmers to access financing using their phones.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: IT
Companies: Safaricom / Spark
Countries: Kenya
::: add a comment


Thankyou so much safaricom for launching this projects. how can i get this loan. am poutry farmer from bomet county
alvin kibet @ 14/2/2017 - 11:06

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Safaricom Spark Fund invests in agri-tech start-up iProcure

Published 11 Sep 2017 10:31 CET | Kenya
The USD 1 million Safaricom Spark Venture Fund has announced its sixth and final investment in agri-tech startup iProcure, the ...

Liquid Telecom upgrade enables KALRO to provide farming information

Published 31 Aug 2017 11:33 CET | Kenya
The Kenya Agricultural and Livestock Research Organization (KALRO) has launched an e-service platform and three mobile apps for ...

Safaricom launches Connected Farmer service

Published 23 Jun 2017 14:17 CET | Kenya
Kenyan operator Safaricom has launched Connected Farmer, a mobile and web based service that will help agricultural processing ...

Safaricom, B Team promote East African sustainable business

Published 24 Feb 2017 10:07 CET | Kenya
Kenyan operator Safaricom and The B Team have announced plans to create The B Team - Eastern Africa, a not-for-profit initiative ...