2023-08-23 12:46:51
The Emerald Africa Funding Facility provides an opportunity for rural and agri-tech startups in Africa to grow their operations. This initiative, organized by the Small Foundation, provides debt funding to early-stage digital innovators working to improve access to finance for rural small and medium-sized businesses. Unlike traditional equity investing, the facility uses a debt product, allowing startup founders to retain ownership of their shares.
The funding provided by Emerald Africa specifically targets digital innovators operating in sub-Saharan Africa and focusing on providing credit solutions with a rural or agricultural focus. Eligible startups should have already conducted a pilot program and achieved a fit between their product and the market. The facility is designed to meet the unique needs of entrepreneurs in the agri-tech space and is open to startups in the pre-seed or seed stage.
Startups interested in the facility can to apply until December 31, 2023 to secure debt financing that will help them scale up their operations and expand their impact on rural and farming communities in Africa.
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