Avanti Finance bags $24 million from Rabobank arm, others

While Rabo Partnerships, a wholly owned subsidiary of the Dutch bank Rabobank Group, is focused on financial inclusion and rural development, IDH Farmfit Fund, an impact fund, is focused on smallholder farmers.

Returning investors in the funding round included Oikocredit and Nandan Nilekani’s family office NRJN Trust. The funding is in line with Rabo Partnerships’ focus on providing data-driven finance solutions to smallholder farmers through local cooperatives and service providers.