Mozare3 is a technology company.
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 in total across 1 funding round.
Mozare3's investors include Algebra Ventures.
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 |
|---|---|---|---|
| May 1, 2021 | $1.0M Seed | Algebra Ventures |