The data analytics company based in Cape Town, Aerobotics, has successfully raised US$17 million in what it describes as an overly subscribed Series B round led by Naspers, a global investment firm.
Aerobotics, the intelligent tools provider for optimal perennial crop farming practices has quickly scaled its mission of offering its cherished customers with tools rightly needed in feeding the world.
The company’s data is largely used for the certainty it provides to farming and food security, as the global agricultural industry extends to meet food demand and expected population growth.
Aerobotics in the last few years has seen record growth and in the United States of America (USA) specifically, their revenue has experienced grown in excess of an order of magnitude. This latest round of investment is further going into technology development and product delivery in the United States and Aerobotics’ other business locations.
According to James Paterson, CEO of Aerobotics, in a press statement said,
“Thank you to our customers for believing in our vision and to our investors for backing us.
Further commenting on the news, James noted, they were committed to improving Aerobotic’s technology to providing intelligent tools for optimize automation, minimize inputs as well as maximize production.
He concludes that they were looking forward to further co-developing their existing products with the agricultural industry leaders.
How does Aerobotics work?
A user simply creates a free account on their web based platform called, Aeroview. This allows you to order a drone flight. Aerobotics then arranges a drone pilot to fly three (3) times throughout the stated period to track the health and sizes of plants, using a multi-spectral high resolution drone imagery.
The data fetched allows the farmer identify those needing critical attention and inspects them in the field using their Aeroview InField app.
With this, farmers begin making data-driven decisions on their farms, thanks to the use of this AI-based analytics platform.
ImaliPay: Nairobi Fintech Startup Raises Pre-Seed Funding Led By TEN13
ImaliPay, a fintech startup helping African freelancers reach their financial goals has raised an undisclosed amount in pre-seed funding from the Australian venture capitalist, TEN13, reputed for investing in top-tier start-ups.
According to ImaliPay, the primary aim of this newly raised funding is to expand and accelerate their growth and footprint in Nigeria, South Africa and Kenya to be a one-stop-shop for gig workers’ financial needs on the continent.
The backing of ImaliPay by TEN13 is on the back of recent chain of events that has elevated the visibility of Africa’s fintech startup scene.
Commenting on the deal, Managing Partner of TEN13, Stew Glenn, said,
ImaliPay in 2020 was co-founded by Zimbabwe’s Tatenda Furusa and Sanmi Akinmusire a Nigerian, who were former colleagues at the leading payments company Cellulant. The fintech company thinks the investment from the venture capital has significant benefits.
In a statement released to the press, Tatenda Furusa said,
It’s a great opportunity for investors to participate in the fintech revolution and a fast-growing segment. Our vision at ImaliPay is to advance financial health and inclusion for gig workers who struggle to manage and access flexible financial services that are often only available to traditional SMEs.
The growth in the African gig workforce is being pushed by the growth in digitization and smartphone penetration. Gig workers constitute a significant proportion of the economy within ImaliPay’s target markets and this market segment is expected to grow rapidly over the next decade.
ImaliPay offers gig workers a one-stop-shop of financial services such as the ability to seamlessly save their income and receive in-kind loans through a “buy now, pay later” model tied to their trade.
Bolt drivers in Kenya can now request a fuel loan and payback after 3-4 days, this allows them to get more work done and Safeboda riders in Nigeria can now buy on credit bike parts, fuel, and smartphones to keep their gig moving and reduce any downtime.
Other products to be offered off the platform include insurance and investment options to foster a safety net for this hard-working but vulnerable part of the population.
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