The French startup Finres tends to offer loans in real time with the aim of optimizing agricultural investments. The latter has just completed a fundraising of 4.1 million euros. Business Cool spoke with Florent Baarsch, the founder and CEO of Finres, to understand his ambitions.
Everything you need to know about Finres
Who are you ?
My name is Florent Baarsch, I offer banks solutions based on AI and science to optimize agricultural investments in the face of climate change. In 2019, as a young scientist, I founded Finres, an agtech startup.
What does Finres do?
Ends offers real-time loan underwriting that accounts for climate and price risks for all crop types, everywhere. The platform also suggests priority investments in agricultural technologies and practices according to a logic of profitability and robustness, and assesses, beforehand, the positive impact of the investments. We guarantee food sovereignty and security by mobilizing more resources for resilient agriculture, including from private financial actors.
Finres’ fundraising
Why did you raise 4 million euros?
The funding will be used to accelerate the launch of our platform, ResADM, and deploy it to new customers and partners in Africa, America, Asia and Europe.
Why did you choose to bring these investors into your capital?
Finres chose to bring Speedinvest, Illuminate Financial, Ventech, Kima Ventures, Plug and Play Tech Center, Raise Sherpas, Better Angle, as well as business angels into its capital.
We have long supported greater private sector engagement in adapting to climate change. Our investors are as passionate about our mission as we are and understand the importance of investing in agricultural resilience.
What will Finres look like in 5 years?
Our plan for the next five years is to continue to grow and deploy our solutions in different sectors.
