AgromAI will make sure that financial institutions and insurers can prevent and address these risks using its geospatial data and artificial intelligence systems.
Farmdar, a Pakistan-based agri-tech startup, has launched a fintech venture in Brazil called ‘AgromAI’. The startup uses artificial intelligence and geospatial data to provide financial services, showcasing its innovative approach to the fintech industry.
Muzaffar Manghi, co-founder and CEO of Farmdar, claims that because Latin America is experiencing a severe climate change, temperatures and rainfall are changing very quickly and endangering both insurers and the agricultural industry.
AgromAI will make sure that financial institutions and insurers can prevent and address these risks using its geospatial data and artificial intelligence systems.
These insurers and institutions will have the best insurance risk management strategies in place thanks to their individual farm-level intelligence, enabling an increase in productivity and growth in Brazil’s agricultural sector.
Speaking of the new startup, CEO Muzaffar Manghi predicted that “Pakistani technology will be used by some of the largest businesses in the world, with more developed markets as a stomping ground.”
We are overjoyed to announce Farmdar’s launch of AgromAI, a fintech project in Brazil.
AgromAI will revolutionise agricultural financial solutions in Brazil by utilising the power of geospatial data and artificial intelligence (AI).
“We are incredibly pleased to export products powered by artificial intelligence and data that were created exclusively by Pakistani engineers. This is evidence of Pakistani talent’s ability to innovate and contribute to the global agritech sector, according to Farmdar’s official press release.
Brazil is the third-largest exporter of agricultural goods in the world, and the country’s agricultural production is valued at over $170 billion. However, AgromAI’s main target market in Brazil, the crop insurance market, only generates over $9 billion a year.
Agri-tech startup Farmdar provides precision agriculture technology to lower costs, boost output, and promote sustainable growth. Farmdar enables remote monitoring, lower farming costs, higher yields, and less waste by providing accurate data on crops.
Farmdar offers data on crop acreage, geo-coordinates, sowing period, harvest monitoring, and variety for large agribusinesses. With the help of this technology, agriculture will produce food more sustainably and with less negative environmental effects.