The round was led by African Renaissance Partners, with participation from Norrsken Accelerator, Zephyr Acorn, Marcus Boström, and Draper Richards Kaplan Foundation.

Emata was founded in 2020 by Bram van den Bosch and Ronald Lutwama. The company provides digital agricultural finance to smallholder farmers in East Africa.

Emata’s platform allows farmers to apply for loans quickly and easily, without the need for collateral. The loans are then disbursed directly to the farmers’ mobile money accounts.

Emata’s seed funding will be used to expand its operations across East Africa.

The company plans to focus on Uganda and Tanzania, but it also has plans to expand to other countries in the region.

Emata also plans to use the funding to develop new products and services, such as insurance and advisory services for farmers.

“We are thrilled to have secured this funding,” said Bram van den Bosch, CEO of Emata.

“This will allow us to scale our operations and reach more farmers across East Africa. We believe that digital agricultural finance is essential to help farmers increase their productivity and improve their livelihoods.”

The investment in Emata is a vote of confidence in the potential of agritech to transform the agricultural sector in Africa.

Agritech startups are developing innovative solutions to address the challenges faced by farmers, such as access to finance, inputs, and markets.

hese solutions have the potential to improve food security, reduce poverty, and boost economic growth in Africa.