Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- FastFarm reduces the cost and risk of lending in agriculture using satellite imagery. Using satellite imagery we underwrite a farmer's capacity to repay a loan by comparing past results with current plans, saving costs of visiting a farm to approve a loan and increasing underwriting accuracy.
Our customers - lenders in agriculture - share our product with their agronomy teams to better manage field visits saving time and cost, while expanding the lender's capacity to approve loans. Our customers can also share our tool with their farmer customers, as a value-add and to help the farmer protect the crop, the source of repayment.
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