Short Description

  • An integrated digital platform that addresses the end to end needs of smallholder farmers in developing countries, using predictive psychometric tools, credit scoring algorithms, and agronomy & weather analytics

Long Description

Agricultural value chains are broken in most developing countries. Farmers are unable to access affordable credit, insurance, high quality inputs, affordable logistics providers, and competitive markets. These inefficiencies lead to high rates of farmer poverty.

Ricult aims to fix the agriculture value chain through a mobile platform. By improving the value chain, we are enabling farmers to pull themselves out of poverty while tapping a multi-billion dollar market. We launched our pilot in Pakistan in February 2016 and currently have over 3,600 farmers accessing our platform.

Ricult comes from the middle syllables of the word ‘Agriculture’. In keeping with this phonetic tradition, Ricult aims to become integral to the agriculture of tomorrow. The solution to global problems like food shortage, malnourishment, poverty, rural unemployment need to start with smallholder farmers. We feel the world is ready for farming to be revolutionized and become more inclusive and empowering for the very people who form the backbone of this industry. This goal defines the very core of what we are all about. We are not a charity; We are an empowering community transformation. This is the basis for a brighter future, built on hand-ups, not handouts.

“We are social impact driven. Our goal is measured by the farmer’s income increase. We were able to increase their income by up to 50%. We want to keep doubling their income through technology to enable their families to afford health care, a better education and enrich their lives with a positive impact to the wider agriculture community.”

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Additional Details

  • Number of beneficiaries impacted: 1-100
  • SDG#:1, 2, 8, 10, 12
  • Fundraising:Venture capital
  • Stage:Concept or white-paper
  • Organization Type:Start-up
  • Target group:B2B
  • Servicing area:Thailand, Pakistan
  • Founders:Aukrit Unahalekhaka, Co-Founder; Usman Javaid, Co-Founder & CEO
  • Female Founder:Yes
  • Number of beneficiaries impacted: 1-100
  • SDG#:1, 2, 8, 10, 12
  • Fundraising:Venture capital
  • Stage:Concept or white-paper
  • Organization Type:Start-up
  • Target group:B2B
  • Servicing area:Thailand, Pakistan
  • Founders:Aukrit Unahalekhaka, Co-Founder; Usman Javaid, Co-Founder & CEO
  • Female Founder:Yes
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