, Mozare3's co-founder outlines that Egypt's agriculture sector contributes over 10% of the national GDP, accounting for 25% of employment numbers nationally. The land is highly fragmented meaning over 40% of the farms are less than an acre. Mozaer3 provides a chance for Mozare3 the agri-fintech platform to make it's supply-side more efficient by providing agronomy support, innovative financial products, and market access. Contract farmers are best placed to fulfill growing consumer, processing, and export demand.
Mozare3 was founded in 2020 by Tamer El-Raghy and Hussein Abou Bakr with the support of Mohamed Okasha, one of its existing investors. The startup serves over 20 million unbankable and underserved smallholder farmers and their families across Egypt by providing access to innovative financial products, existing markets, and agronomy support.
Hussein Abou Bakr, the founder, and CEO of Mozare3 pointed out that smallholder farmers enjoy "limited access to financing" where there is " no direct access to markets."
Tarek Assaad, the MP at Algebra Ventures expressed delight in being " part of their journey."
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Mozare3 was founded in 2020 by Tamer El-Raghy and Hussein Abou Bakr with the support of Mohamed Okasha, one of its existing investors. The startup serves over 20 million unbankable and underserved smallholder farmers and their families across Egypt by providing access to innovative financial products, existing markets, and agronomy support.
Hussein Abou Bakr, the founder, and CEO of Mozare3 pointed out that smallholder farmers enjoy "limited access to financing" where there is " no direct access to markets."
Tarek Assaad, the MP at Algebra Ventures expressed delight in being " part of their journey."
Share
See more
Previous article SA e-health startup raises $47M, looking to scale operations
Next article Professsional networking app targeting the MENA region raises 7-figure sum
What do you think?
0 points Upvote Downvote Total votes: 0
Upvotes: 0
Upvotes percentage: 0.000000%
Downvotes: 0
Downvotes percentage: 0.000000%
You may also like
in Investments , Press Releases , Startups Toyota Tsusho invests in Kenyan insuretech AiCare
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in Press Releases , Startups SA e-health startup raises $47M, looking to scale operations
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in Funding , Press Releases , Startups , Valuation Africa payment startup OPay to raise $400m for expansion
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