Tulaa, a Nairobi, Kenya-based mobile commerce solution that connects agricultural-input suppliers, financial service providers, and commodity buyers to smallholder farmers, raised $627k in funding.
Beyond Capital made the investment which will be matched by the Eckenstein Geigy Foundation.
The company intends to use the funds for the continued expansion in Kenya and for further development of its digital platform.
Led by Hillary Miller-Wise, Founder and CEO, and incubated inside of influential information and communications provider Esoko and launched in Kenya in 2017, Tulaa leverages mobile technology to enable farmers to save and borrow to purchase inputs, receive tailored agronomic advice, and market their crops at harvest time. With this technology-based solution, the company lowers the cost and risk for input suppliers, banks, and off-takers to transact with rural customers and suppliers in Africa.
A social enterprise, Tulaa is committed to reinvesting returns into the business, to scale and maximize impact on rural communities.