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Press Release: AgTech Company SeeTree Raises $30 Million in Series B Funding Round to Scale Globally and Expand into New Crops
SeeTree, an AI-powered, end-to-end service that provides growers with intelligence on trees and tree clusters, announced today that it has raised $30 million in a Series B funding round led by the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This third round of funding, one of the largest investment rounds for an Israeli Agtech company, will allow SeeTree to scale globally, grow the R&D and customer-facing teams and broaden services to cover new crops.
- Categories
- Agriculture, Technology
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IBM Supports African Agricultural Startups Through Digital4Agriculture Initiative
Digital4Agriculture Initiative is helping over 36 African agriculture startups become better prepared for the digital future.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Analysis: Remittances Show Promise in the Face of the Ongoing Global COVID-19 Pandemic
The COVID-19 pandemic has imposed catastrophic consequences across the world, with a disproportionate effect on Latin America and the Caribbean. With a projected 9 percent contraction in regional gross domestic product (GDP) for this year, experts fear that the heightened economic uncertainty and lower foreign demand brought on by the health crisis might signify yet another lost decade for Latin America. There is one factor, however, that paints a particularly promising picture for the outlook of the region: remittances.
- Categories
- Finance, Technology
- Region
- Latin America
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An Unlevel Playing Field: Why Small Businesses Face Disadvantages in Digital Commerce – and How Inclusive Tech Innovations Could Help
One reason COVID-19 has been so damaging to global micro and small enterprises (MSEs) is that consumers have shifted towards purchasing online – a change that has mainly benefited large corporations. According to Malika Anand at BFA's Catalyst Fund, making digital commerce more inclusive could help these businesses survive and grow in the long term. She shares research from Ghana that highlights several promising opportunities for digital commerce innovations that can benefit informal MSEs.
- Categories
- Coronavirus, Finance, Technology
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The Big Impact of Small Improvements: How Last-Mile Distributors Have Responded to COVID-19 with ‘Incremental Innovation’
Distributing beneficial products in last-mile communities has always been difficult, but COVID-19 has made it much harder, exacerbating many of the challenges that last-mile distributors were already facing. Emma Colenbrander and Gerwin Jansen at the Global Distributors Collective explore innovative solutions to some of these challenges, many of which have tended to be incremental rather than radical.
- Categories
- Coronavirus, Entrepreneurship, Technology
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Press Release: Sokowatch Launches East Africa’s First Commercial Electric Tuk-Tuks
E-commerce platform leads EV revolution to combat emissions and noise pollution in Kampala.
- Categories
- Technology
- Region
- Asia Pacific
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Why B2B Fintechs Are Descending on Latin America
Although the COVID-19 pandemic is accelerating technology adoption across all industries in Latin America, the financial services sector is experiencing some of the fastest progress. The Fintech sector has been particularly resilient during the crisis over the past year, and its growth may even match or exceed the previous year’s record-setting funding.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- coronavirus, fintech, mobile money, SMEs, startups
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A Boon for Online Commerce: How COVID-19 is Transforming the Industry in Bangladesh
COVID-19 has been merciless to the world and its economy in general. But according to analysts at MicroSave (MSC), it has boosted a few sectors – like digital/contactless payments, e-commerce and Facebook commerce (or f-commerce). They explore how the pandemic is accelerating the online commerce industry in Bangladesh, and how regulators and other stakeholders can support its growth.
- Categories
- Coronavirus, Finance, Technology