NUMBER OF FARMERS SERVED: 281226

Ricult is an award-winning social enterprise founded by MIT alums that develops AI/Tech/Financial-based digital solutions for the agricultural ecosystem, focusing on smallholder farmers in developing countries.

We have built an ecosystem in which multiple players in the agricultural value chain benefit from improved productivity and profitability. Our diagnostic and predictive analytics use our proprietary machine learning algorithms, leveraging satellite imagery, agronomic models and weather data. Smallholder farmers can access bank loans, agronomy, pricing and weather insights along with access to buyers through our app and IVR, resulting in a 17% increase in profitability and a 22% increase in productivity. Banks, food processing mills and agribusinesses benefit from Ricult’s data by enabling them to make more informed decisions about yield forecasts, risk profiling, credit scoring, extreme weather / flood assessment and customer acquisition, leading to improved operational efficiencies.

Ricult helps farmers implement best practices and get better access to credit and crop buyers, helps banks in giving out loans faster, and helps food processing mills in optimizing their supply chains and promoting sustainability. Currently, more than 150,000 farmers benefit from our platform in Thailand and Pakistan. The Ricult platform has helped increase yields, improve profitability and optimize fertilizer usage, making Ricult a Triple Bottom Line company.

Videos

Ricult Intro

Ricult App Intro

Satellite Imagery

Why Ricult?

Ricult Farmer App

The Ricult Farmer App (available on the Google Play Store) helps farmers improve their crop yield, get better access to bank loans, access real time crop rates and get agronomic advice.

RicultX - our app based solution for Mills, Banks and third parties

RicultX processes data from multiple sources and generates actionable insights for all stakeholders in the agricultural value chain, using machine learning algorithms.

Our Journey

2016

February:

Ricult started

June:

Ricult Pakistan, credit lending initiated with 36 farmers - 54% default

Ricult gets selected for the MIT Delta V Accelerator

October:

Ricult Pakistan, 2nd credit lending cycle reduces default rate to 34%

December:

Ricult Pakistan wins Fintech Disrupt Challenge sponsored by Bill & Melinda Gates Foundation/ Karandaaz

2017

February:

Ricult Pakistan brings default rate to 0% through improved Credit Scoring Models

May:

UNIDO International Award - "Innovative Ideas and Technologies in Agribusiness"

June:

Ricult Pakistan Output Selling Model launched Ricult Thailand Operations started

October:

Ricult Thailand Agronomy support pilot launched

2018

June:

Ricult Crop Output Management App launched in Pakistan

December:

Ricult Farmer App launched in Thailand

2019

November:

Ricult Pakistan signs partnership with Jazz

Ricult crosses 100,000 farmer app downloads

2020

March:

Ricult farmer app crosses 150,000 downloads

Ricult Pakistan partners with Better Cotton Initiative

Ricult Thailand launches digital lending services

May:

Ricult Thailand launches Farm Inputs E-commerce services

June:

Ricult Thailand launches Digital Crop Insurance services

Ricult Pakistan signs Jazz/GSMA Mobile Money Partnership

Testimonials