Umer Farooq's Contact Details

Umer Farooq's Company Details

Ricult

Boston, Massachusetts, US • 50 Employees
Technology Consulting/Tech Services

Agricultural value chains are broken in most developing countries. Farmers are unable to access affordable credit, insurance, high-quality inputs, affordable logistics providers, and competitive markets. These inefficiencies lead to high rates of farmer poverty. 75% of the worlds poor are farmers. Ricult is a US-based award-winning Social Enterprise founded by MIT alums that develops AI/Data/Tech/Financial-based digital solutions for the agricultural ecosystem, focusing on smallholder farmers in developing countries (currently operating in Pakistan and Thailand). Ricult is one of the few companies in the world that operates at the nexus of Fintech and Agtech. Ricult is focused on building world-class digital products for its users based on their needs and pain points. The current portfolio of products is already deployed with more than 500,000 farmers and other leading stakeholders in the agriculture value chain.