SatSure joins Rabo Partnerships to enable lending solutions for smallholder farmers
By Gloria Mathias
SatSure, an EO space data application, has announced with Rabo Partnerships to revolutionize cash flow-based lending for smallholder farmers.
It delivers decision intelligence for farmer credit access, underwriting, portfolio expansion and new customer acquisition, loan monitoring and loan collection management.
“Rabo Partnerships is pleased to work with SatSure to increase farmer livelihoods and sustainable Agricultural Finance across the globe! SatSure’s and Rabo Partnerships’ combined technology, network and capabilities will allow us to help financial institutions strengthen their risk management, collection, and portfolio growth to the agricultural sector, including smallholder farmers,” said David Gerbrands (Global Head of Advisory and Inclusive Business Ventures at Rabo Partnerships).
This collaboration aims to drive access to cash-flow-based lending for smallholder farmers globally. The alliance aligns with SatSure’s Banking Solution, SatSure Sage, a suite of applications designed to empower lending institutions for farmer financial inclusion by making intelligent decisions in agricultural loan management with satellite data, location intelligence, and Machine Learning.
Prateep Basu, Founder & CEO of SatSure stated, “Leveraging our relationship with banks, we are certain that this collaboration will empower the Agri-lending ecosystem to create innovative financial products for unbanked farmers based on the cash flow model rather than traditional land-based collateral, where digitization is still work in progress.”
Rabo Partnerships is a wholly owned subsidiary of the Rabobank Group, focused on creating structural impact through improving financial inclusion, private sector development and food security.
SatSure is a DeepTech company that leverages satellite data, artificial intelligence, and machine learning to drive enterprise decision intelligence. It is backed by Baring Private Equity Partners India, Asian Development Bank Ventures and large banking clients turned investors, ICICI Bank, HDFC Bank and Kotak Mahindra Bank.
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