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Provider of agricultural technology intended to help farmers in Thailand and Pakistan increase farm productivity and access affordable loan. The company's platform uses a combination of traditional and alternative data sources to determine whether a farmer is willing and able to repay a loan, enabling its clients to reduce problems like food shortage, malnourishment, poverty and rural unemployment for smallholder farmers.
Ricult helps farmers implement best practices and get better access to credit and crop buyers, helps banks in giving out loans faster, and helps food processing mills in optimizing their supply chains and promoting sustainability. Currently, more than 150,000 farmers benefit from our platform in Thailand and Pakistan. The Ricult platform has helped increase yields, improve profitability and optimize fertilizer usage, making Ricult a Triple Bottom Line company.
- 50, Milk Street, Boston, Massachusetts, United States
- Countries of operation
- Pakistan, Thailand
- Year Founded
- View Website
- Bill & Melinda Gates Foundation, Wavemaker Partners, MIT Innovation Initiative, MIT delta V, Bualuang Ventures
- Company stage
Last updated: March 11, 2021