Avenews

Company Overview

Snapshot

Founded in April 2017 by Shalom Ben Or, Ishai Ben Or, and Ismail Kharoub, Avenews operates with 11–50 employees. The company has raised $3.6M across two funding rounds. In February 2021, the fintech startup announced a $3 million fundraise from Global Holding Group.

Business overview

Avenews provides a digital agribusiness management platform designed to create an infrastructure for financial institutions to offer services to their agribusiness customers operating across supply chains in emerging markets. The platform enables agribusinesses to manage operations including inventory, invoices, orders, and payments, while also providing financial institutions with access to previously inaccessible agribusiness data, reducing risk, and facilitating the distribution of financial services directly on the platform. Every interaction on the platform is recorded on the Avenews blockchain, establishing a digital economic identity for each agribusiness within the supply chain. The company focuses on the Fintech & Insurtech sector, serving markets such as Africa and Argentina.

Strategic signal

In February 2021, Avenews announced a $3 million fundraise from Global Holding Group. This investment signals strong investor confidence in Avenews' blockchain-powered financial management platform for agribusiness, highlighting the growing demand for innovative fintech solutions that bridge the gap between financial institutions and agricultural supply chains in emerging markets. This capital infusion is expected to accelerate the company's expansion and product development, reinforcing its position in the Fintech & Insurtech sector.

Company Intelligence Q&A

What is Avenews' primary focus?

Avenews focuses on providing a digital agribusiness management platform that enables financial institutions to offer services to their agribusiness customers across supply chains in emerging markets.

When was Avenews founded?

Avenews was founded in April 2017.

How much capital has Avenews raised to date?

Avenews has raised a total of $3.6M across two funding rounds.

What is the core technology behind Avenews' platform?

Avenews utilizes blockchain technology to store every interaction on its platform, creating a verified digital economic identity for each agribusiness within the supply chain.