Samunnati raises $4.5 million to extend small ag finance in India

Chennai-based agriculture finance company Samunnati raised $4.5 million from Accel Partners, Elevar Equity and others.

The company provides credit, loans, and other financial products to small and micro-agribusinesses, which have difficulty accessing services from banks. Samunnati looks at “cash flow patterns, seasonality and the nature of collateral in [agriculture] supply chains” and other nontraditional risk indicators.

Elevar estimates $35 billion in demand for dairy and crop loans in India.

This post originally appeared in ImpactAlpha's daily newsletter. Get The Brief.

Photo credit: Elevar Equity

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