Agryo is global agriculture risk intelligence provider
Brazil
Market: Internet and IT, Insurance, Financial services, Blockchain, Artificial Intelligence
Project stage: Operating business
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Idea or High Level Concept
Agryo has developed infrastructure for financial services in the agribusiness sector by the combination of big data (+520 variables), AI and DLT. We develop our own technology of risk intelligence which provides analysis before, during and after any financial service for a crop contract looking at data since the year 2000 up to today and merging that over the DLT trust layer. Enabling risk intelligence as service (RaaS) for companies like agri trading companies, banks, insurance and reinsurance companies, cooperatives and others in the agriculture space
Territory of the product or service implementation
Global (world)
Traction and Current Status
Agryo have deployed the services with the biggest agriculture trading company on earth and is the process to onboard more users for the South Hemisphere crop season which starts in October.
Problem or Opportunity
In a world which will have 10 billion people by 2050 and an extra 70% demand in food, fibers and other products at the same time we cannot have more impact on the environment to grow the supply, the only way is to push those farmers to grow their production by better financial support. In World Bank and IFC numbers the demand is an extra 2T USD in services by year up to 2050 to achieve this 70% extra supply.
Solution
Agryo has developed infrastructure for financial services in the agribusiness sector by the combination of big data (+520 variables), AI and DLT. We develop our own technology of risk intelligence which provides analysis before, during and after any financial service for a crop contract looking at data since the year 2000 up to today and merging that over the DLT trust layer.
With this design we are providing risk intelligence as service (RaaS) for companies like agri trading companies, banks, insurance and reinsurance companies, cooperatives and others in the agriculture space.
Customer Segments and Market
With this design we are providing risk intelligence as service (RaaS) for companies like agri trading companies, banks, insurance and reinsurance companies, cooperatives and others in the agriculture space.
Revenue Streams and Cost Structure
The model is a SaaS (we are calling RaaS) model, where each farmer plot is charged every time the company submits a location to be evaluated in a fix fee plus a value per hectare.
For example, TheBank is growing their operations and onboarding new farmers (which they never work with and they do not have crop field track records). So, they submit the place (the crop field boundary like by the APIs' or by our the front end solution and receive all the information in minutes after.
a) pre contract
b) contract monitoring
c) fraud detection
d) land value (for collateralization porpoise)
e) crop insurance processing
Business Model, Chanells, Metrics
The model is a SaaS (we are calling RaaS) model, where each farmer plot is charged every time the company submits a location to be evaluated.
Competitors and Existing Alternatives
Some operators like Planet Labs and startups like Onesoil.
Advantages or differentiators
A complete solution to provide to any player in the space all necessary services (from evaluation to fraud detection) for credit, insurance, land value to collateral and so on.
Incubation/Acceleration programs accomplishment
Google for Startups - São Paulo 2019
CV Labs Incubation Program - Zug, Switzerland 2020
Won the competition and other awards
Brazil SDG Tech Awards 2019
Presence of invention or patent
Yes
Invention/Patent
We will submit the modelling for credit score and risk assessment, plus the software and the approach
Money will be spent on
In the next 18 months to achieve a 5 M USD in revenue and operate over Brazil, Argentina and United States. To do that, the resources will help to push the team in more strong position, build a sales team and have a good product improvement team.
Offer for investor
We are looking to raise 1.2M USD at 7M valuation in a convertible loan to be converted in January 2023 or in the next round (what happen first).