SatSure partners with Rabo Partnerships to revolutionize cash flow-based lending for smallholder farmers

Bangalore-based startup SatSure, a global leader in EO space data applications, announced its partnership with Rabo Partnerships. This strategic collaboration aims to drive the access to cash-flow based lending for smallholder farmers globally. By leveraging SatSure's cutting-edge technology and Rabo Partnerships' expertise in financial services, this partnership will tackle the challenges banks face and facilitate financial inclusion for unbanked farmers.

The alliance aligns with SatSure's Banking Solution, SatSure Sage, a suite of applications designed to empower lending institutions in making intelligent decisions in agricultural loan management. By harnessing the power of satellite data, location intelligence, and Machine Learning, SatSure Sage bridges information gaps and enables lending institutions to scale operations while reducing costs. Simultaneously, it enables farmers access to credit through alternate data for banks to assess risk of lending, even in the absence of the necessary data points.

David Gerbrands, Global Head Advisory and Inclusive Business Ventures, Rabo Partnerships: "Rabo Partnerships is pleased to work with SatSure to increase farmer livelihoods and sustainable Agricultural Finance across the globe! SatSure's and Rabo Partnerships' combined technology, network and capabilities will allow us to help financial institutions strengthen their risk management, collection, and portfolio growth to the agricultural sector, including small holder farmers."

Prateep Basu, Founder and CEO, SatSure: "Leveraging our relationship with banks, we are certain that this collaboration will empower the agri-lending ecosystem to create innovative financial products for unbanked farmers based on the cash flow model rather than traditional land-based collateral, where digitization is still work in progress."

This global partnership will address several challenges faced by banks when developing lending products including: Continuous monitoring of crop health, stress and associated parameters which impact crop performance and farmer's income potential, farmer credit access problems in developing countries, providing alternate data through SatSure's data products for banks to onboard new to credit and new to bank farmers, efficient risk monitoring and mitigation for post loan disbursement with insights from satellite imagery and efficient planning of loan collections driven by insights from satellite imagery.

www.satsure.co