Avenews Analysis
What is Avenews?
Recurring financing solutions for agri-SMEs
Location
Nairobi, Kenya
Employees
11-50
Founded
2017
Product Features & Capabilities
- Agri Credit Line
- Agri Supplier Financing
- Agri Buyer Financing
- Stockist Financing
Use Cases
Enable agri-SMEs to restock inventory quickly; Provide immediate payment for unpaid invoices; Facilitate supplier payments while managing cash flow; Allow restocking from approved distributors with flexible repayment; Support businesses in fulfilling larger orders without cash flow interruptions
Other Considerations
Serves over 250 agri-SMEs; 70% of clients expanded operations after financing; 55% of clients created new jobs; Licensed by the Central Bank of Kenya
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