Featured By Sheilah Birgen / October 11, 2013
M-Farm receives funding from M-Pesa Foundation
MFarm has secured a partnership with the M-Pesa Foundation.The partnership has seen MFarm receive a grant of KES 20 million (USD 230,000) from M-Pesa Foundation.
Linda Kwamboka co-founder and CMO of M-Farm said “We are thrilled to have secured the funds we need to continue to grow the business. Now, we will be able to help even more farmers beyond the over 8,000 farmers already using our platform, and improve their standard of living.”
MFarm limited, an award winning software solutions and agribusiness company provides vital market information and trading services to farmers via mobile app. Their mobile app enables smallholder farmers in rural Kenya to access market information hence make informed decisions on where and how to sell their farm produce.
M-Farm which earlier this year graduated from incubation at m:lab East Africa has come a long way since its inception in 2010.The company has been featured much in both national and international media. In 2011, during Pivot 25 where MFarm was a finalist, the company caught the attention of Techfortrade, an international impact investment organization, Techfortrade later invested in MFarm. Techfortrade recently funded Jamila’s visit to London to meet with supermarket retailers to discuss potential partnership opportunities, and to speak at this year’s Africa Gathering conference.
The company has also in the past years won many accolades including winning the IPO48 competition in 2010 and becoming one of infoDev’s top 20 SMEs in 2011
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