Avenews

Avenews developed a digital agribusiness management platform that creates an infrastructure for financial institutions to provide services to their agribusiness customers who operate across supply chains in emerging markets. On one hand, the platform enables agribusinesses to manage all their business and trade operations in one place including inventory, invoices, orders, and payments. On the other hand, the platform operates as a digital infrastructure that enables financial institutions to access agribusiness data that previously was out of reach, reduce risk, and distribute financial services to agribusinesses across the supply chain directly on the platform. Every interaction on the platform is stored in a verified and vetted asset on the Avenews blockchain, creating a digital economic identity for every agribusiness across the supply chain. Avenews is already working with Africa's largest banking groups to bridge their gaps with the agricultural industry and finance their agricultural business customers across the continent.

Avenews has raised $3.6M in total funding across 2 rounds. The company is currently at the Seed stage. Key investors include XT Venture Capital, Encovox, Barclays Accelerator.

Avenews was founded in 2017 by Shalom Ben Or (Co-founder & CEO), Ishai Ben Or (Co-founder & CIPO), Ismail Kharoub (Co-founder & CTO), Nimrod Dahan (Co-founder (No longer with the company)).

Avenews operates in Agriculture & Food Technologies, Ag Tech, Food Tech, Food Trade & Services, Fintech & Insurtech, Money Transfer & Management, with core technologies in Platforms & Interfaces, Software. Target customers: Financial Services, Financial Institutions, Food Retail & Consumption, Wholesale.

Avenews is based in Yehuda ha-Levi Street 48, Tel Aviv-Yafo, Israel, Center District.