Rabo Partnerships led a $24m Series B round in Avanti Finance.

Rabo Partnerships, a financial services company, led a $24m Series B round in Avanti Finance, a digital financial company. “We are delighted to have Rabo Partnerships and IDH Farmfit Fund as our new partners with their global experience in the agri-space. We are mission-aligned to create a population scale, digital financial inclusion platform for the underserved segment, including smallholder farmers that constitute 86% of our agrarian economy yet continue to battle against the circle of poverty. This investment will support ongoing investments in our deep tech platform to develop fit-for-purpose hyperlocal credit products, amplify our partnership network that spans 22 states and accelerate co-lending programs with other financial institutions. Avanti has done the initial heavy lifting to establish a digital delivery model with our unique paperless & presence less model with a strong emphasis on cashless payments, served 250k households, and now we are ready to make the leap to serve a million households with a targeted AUM of 2k crores in the next 18-24 months," Rahul Gupta, Avanti Finance CEO.