Agritech

Koltiva's keeping global supply chains in check

September 23, 2022
Koltiva

Where's it from? Ask Koltiva! This Indonesian agritech traces global supply chains to make sure what we consume doesn't harm the environment — or the people who make them.

They've also just raised some new $$$ to do more than that. While the amount's hush-hush, here's what we know!

  • Founded in 2013, they work with over 700,000 different producers in 27 countries.

Investor check. Silverstrand Capital, The Meloy Fund, Planet Rise, Development Finance Asia and Blue7.

🤷🏻‍♀️ Oh-so-scandalous

Tracing the origins and movements of your ingredients from farm to table can reveal a lot. Food fraud (horse meat found in supposed "beef"), inhumane working conditions, child/slave labor, extremely low wages, unsustainable practices that harm the environment and more. Yikes and yikes.

It's more than just weeding out the bad. Transparent global supply chains push businesses to be more sustainable, environmentally and socially responsible.

  • Reputations on the line. Companies are more under pressure than ever, from governments and NGOs to consumers, to share more about their supply chains. A mess-up can cost $$$!

🌾 What it's all about

Koltiva's using tech to digitize agriculture and build more sustainable and transparent supply chains. They're boosting producers' outcomes and $$$ along the way too!

  • They started tracing cocoa products but expanded to 30 commodities like shrimp, coffee, palm oil and rubber.

🚜 How it works

Track and trace. Their Koltitrace product line lets you track your entire global supply chain and what's actually happening on the ground. Oh, and find 100% traceable products on their platform too!

  • Customers include leading multinationals from emerging markets.

Going beyond just software solutions! Their Koltiskills solutions even offer on-the-ground farm assessments, verification and data collection, as well as training and coaching for farmers.

💰 What's with the $$$?

They'll be doubling down on improving KoltiTrace and KoltiSkills, while also developing two new products: KoltiPay and KoltiTrade

  • KoltiPay is a fintech platform and e-wallet with cashless payments, loans, bills payment and insurance offerings.
  • KoltiTrade is a marketplace for farmers to buy agricultural inputs and sell their harvests.

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