Fintech AgFlow receives strategic investment from SGS

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18.07.2016

AgFlow SA, a Geneva based fintech startup, announced that SGS, an inspection, verification, testing and Certification Company, has acquired 15 percent stake in the startup. This Strategic investment sets the path for AgFlow to become the leading agricultural trade intelligence provider.

Founded in 2012 AgFlow SA is a Geneva based startup providing trade intelligence services for agriculture products. AgFlow SA operates a trade intelligence platform aggregating Over the Counter (OTC) market data on global grains, oilseeds or proteins and edible oils from market participants worldwide. The company serves 140 customers located in 40 countries with data services. AgFlow also operates partnerships with more than 100 contributors around the world who provide key data to the AgFlow platform and generate transparency on commodity pricing, transportation metrics and cargo movement data.

SGS and AgFlow: a clear synergy
Over the past 10 years, SGS has developed a wide portfolio of market research and information services throughout the agricultural value chain. These range from the pre-farm gate to the primary processing stage, covering production trends, crop conditions, quality maps at time of harvest, global trade flows, monitoring of undesirable substances or contaminants, ad-hoc market surveys, and more.

With their 15 percent stake in AgFlow, SGS aims to contribute to and leverage the AgFlow platform to optimize the distribution of its market research and information services. SGS’s market research studies will enrich the AgFlow market intelligence platform, while AgFlow will broaden its technological expertise in data analytics to transform raw data into actionable information for the agricultural supply chain. This puts AgFlow in an ideal position towards reaching its vision to bring transparency on the physical agricultural markets at a global scale.

Siavosh Arasteh, Co-Founder and CEO of AgFlow SA commented “In the past 24 months, AgFlow has built a rich global market network and generated unprecedented transparency on OTC markets across grains, oilseeds/proteins and edible oils. To have the domain expertise of SGS will will help us execute our vision more rapidly and broadly. We are excited to partner with SGS to contribute to the modernization of the trade intelligence landscape and the agricultural supply chains at large.”

"This partnership is an excellent contribution to our TIC 4.0 strategic initiative on digitalization and data," said Frankie Ng, CEO of SGS. "A key part of our strategy is to partner with technology providers like AgFlow, broadening our offer and adding value to our services."

AgFlow brings new members on board.
Olivier Coppey, Executive Vice-President for Agriculture, Food and Life at SGS, is set to join AgFlow SA’s Board of Directors and Gennadiy Shulga, Vice-President, Business Development, will join AgFlow SA’s Advisory Board.

(Press release)

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