Degas Ltd., one of the fastest growing agri-fintech startups in Africa, today announced that it has joined NVIDIA Inception, a program that nurtures startups revolutionizing industries with technological innovation.
Image displays Degas’ app and dashboard to leverage data collection
Degas is focused on providing financing to smallholder farmers in Africa, leveraging proprietary technologies, including an AI/ML-backed credit scoring model, to reach groups overlooked by traditional financial institutions. Degas is working to scale its business and realize its mission to increase the productivity and income of over 600-million smallholder farmers and to decarbonize the world from Africa, the continent most affected by climate change. To date, Degas has supported over 46,000 farmers and established one of the largest smallholder farmer networks in Africa.
Degas plans to leverage the resources available through NVIDIA Inception to further enhance its in-house deep learning solutions. The goal is to optimize the performance of its model inference and enhance existing products with AI capabilities via NVIDIA’s state-of-the-art technologies. Inception also offers Degas the opportunity to collaborate with industry-leading experts and like-minded organizations to further the company’s impact on smallholder farmers and the environment.
Yohei Nakayama, CTO of Degas Ltd. expressed excitement for the program, saying, “We are excited to join NVIDIA Inception, which will surely help accelerate our growth. With resources and opportunities that will be provided to us as part of the program, Degas will further its business focusing on leveraging human capital and technology to contribute to and realize a more resilient and sustainable agricultural landscape in Africa.”
NVIDIA Inception helps startups during critical stages of product development, prototyping and deployment. Every Inception member gets a custom set of ongoing benefits, such as NVIDIA Deep Learning Institute credits, preferred pricing on NVIDIA hardware and software, and technological assistance, which provides startups with the fundamental tools to help them grow.
About Degas Ltd. / Degas Ghana Ltd.:
Degas is a leading tech startup with a vision of ‘Changing people’s lives, dramatically.’ Focused on maximizing impact, Degas drives a core smallholder farmer financing business, leveraging data-driven operations and AI-based credit decisions. With 46,000 farmers financed, 20,000 hectares managed, and a remarkable 95% loan recovery rate, Degas is focusing on regenerative agriculture to promote soil regeneration and CO2 sequestration. As Degas manages one of Africa’s largest regenerative agricultural farms, spanning 400 hectares, they empower farmers while contributing to global decarbonization, despite Africa having the lowest contribution to climate change.
Contact information
Enrique Miguel Lozari
PR & Marketing Officer
Degas Ghana Ltd.
+233 (0) 202 707 756
pr@degasafrica.com
www.degasafrica.com