Loading organizations...
Mozare3 is an agri-fintech platform transforming Egypt's agricultural sector. Its core product facilitates direct contract farming, linking corporations with smallholder farmers through digital payments. The platform provides agricultural inputs, technical support, and post-harvest services, enhancing farmer efficiency and market access.
Co-founded in 2021 by Hussein Abou Bakr, Tamer El-Raghy, and Mohamed Okasha, Mozare3 addresses critical challenges for Egyptian smallholder farmers. Their insight recognized limited market access and financial services, aiming to empower them through technology and build a more equitable agricultural ecosystem.
Mozare3 serves smallholder farmers with resources and direct market linkages, and offers corporations streamlined sourcing. Its vision is to digitally transform the regional agricultural landscape. It aims for financial inclusion and operational excellence for farmers, cultivating a sustainable food ecosystem across the Middle East.
Mozare3 has raised $1.0M across 1 funding round.
Mozare3 has raised $1.0M in total across 1 funding round.
Mozare3 is an Egyptian Agri-Fintech company founded in 2020 (with operations scaling from 2021) that provides a mobile application delivering financial services, contract farming, and supply chain visibility to smallholder farmers in Egypt and the MENA region.[1][2][3][4] It serves unbanked farmers and food manufacturers by solving key challenges like access to financing for inputs (seeds, fertilizers, pesticides), stable market outlets, and end-to-end crop tracking from seed to factory, enabling better planning, productivity, and income stability.[1][2][3] The platform has raised $1M-$1.1M in pre-seed/seed funding, onboarded 20,000 farmers (1,000 in active contracts), and aims to expand to 1,500 more farmers and additional manufacturers.[1][4][5]
Mozare3 was founded by Abo Bakr, Tamer El-Raghy, and Mohamed Okasha in May 2021 (though CB Insights lists 2020 as the founding year), emerging from Abo Bakr's prior experience at Plantform, an agro-processing firm he started six years earlier that sourced directly from farmers.[1][4] The idea crystallized amid rising demand for microcredit and digital payments post-Covid-19, targeting Egypt's unbanked smallholder farmers who lacked financing and market access.[4] Early traction came via contract farming networks built by Abo Bakr, leading to a $1.1M pre-seed round in May 2021 led by Algebra Ventures and Disruptech, positioning Mozare3 as an early mover in Agri-Fintech.[4][5]
Mozare3 rides the Agri-Fintech wave in MENA, addressing food security, smallholder empowerment, and supply chain inefficiencies amid climate pressures and post-Covid digital finance surges.[3][4] Timing aligns with Egypt's agricultural dominance (key to GDP) and rising mobile penetration, enabling unbanked farmers (millions in the region) to access microloans and markets, reducing waste and boosting exports.[1][2][4] It influences the ecosystem by pioneering traceable, financed contract farming, competing with players like OneFarmTech (Nigeria) and Crop SRM (UK), while fostering manufacturer-farmer links that meet global standards.[1]
Mozare3 is poised for expansion with another funding round underway, targeting more farmers, manufacturers, and MENA markets amid Agri-Fintech tailwinds like AI-driven farming and embedded finance.[4][5] Trends like climate-resilient agtech and digital wallets will accelerate growth, potentially evolving it into a full value-chain leader. As an early innovator transforming Egypt's farms into bankable, traceable operations, Mozare3 exemplifies how fintech unlocks rural potential—watch for scaled partnerships driving regional impact.[2][3][4]
Mozare3 has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in May 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2021 | $1M Seed | Mohamed Okasha | Algebra Ventures, EFG EV Fintech | Announced |
Mozare3 has raised $1.0M in total across 1 funding round.
Mozare3's investors include Mohamed Okasha, Algebra Ventures, EFG EV Fintech.
