Avenews-GT offers a blockchain-capable digital infrastructure that enables agri-businesses to run operations through a single, paperless system that controls inventory, generates trade documents, tracks sales and contracts, and initiates payments. The platform directly links trade activity with supporting financial services and aims to expand access to credit and banking services for farmers, particularly in developing countries. The company works in collaboration with the largest banking groups on the African continent. Avenews-GT was founded in 2017 and is managed by Shalom Ben-Or, Ishai Ben-Or, and Ismail Kharoub. The startup announced a $3 million Series Seed fundraise from XT Hi-Tech. The company positions its product to address supply chain digitization and improved access to finance for often-underserved farming sectors.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2021