iFarmer
iFarmer is a Bangladesh-based agri-tech platform bundling financing, agri-inputs, advisory, insurance, and market access for 310,000+ smallholder farmers via four mobile apps (Folon, KriShop, Sofol, iHarvst), supported by a 30,000+ retailer network and partner banks.
- Company typePrivate
- Founded2018
- HeadquartersDhaka, Bangladesh
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
iFarmer firmographics
Firmographics- Name
- iFarmer
- Legal name
- iFarmer Limited
- Website
- https://ifarmer.asia
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- iFarmer is a Bangladesh-based agri-tech platform bundling financing, agri-inputs, advisory, insurance, and market access for 310,000+ smallholder farmers via four mobile apps (Folon, KriShop, Sofol, iHarvst), supported by a 30,000+ retailer network and partner banks.
- Ownership category
- akta.pro rank
iFarmer industry classification
Industry- Product category
- Agricultural Fintech Platform
- akta.pro primary industry
- Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links) (AFAAAFAO)
- akta.pro secondary industries
- Variable Rate Technology (VRT) & Prescription/Tasking Platforms (AFAAAFAE), Agriculture Inputs & Farm Supply Marketplaces (CRAFAHAL)
Keywords
Where iFarmer is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices2 records
Markets served
iFarmer business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Agricultural Financing / Interest Income: iFarmer facilitates loans to farmers through partner banks and financial institutions, earning fees or interest spread from the financing provided. Farmers access collateral-free financing with flexible repayment aligned to agricultural cycles.
- Agri-Input Marketplace Commission: KriShop platform enables agri-input retailers to purchase quality products at competitive prices. Commission or margin is earned on transactions through the e-commerce marketplace.
- Funder Investment Returns: iHarvst connects funders to agricultural projects. Funders receive returns after harvest and sale of produce, with profits shared between funders and farmers. iFarmer earns fees from facilitating these investment transactions.
- Agricultural Advisory Services: Premium advisory packages provided through the Folon app, offering personalized crop advisories, direct chat support with agri experts, and community engagement through the Adda platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Plan with optional paid upgrades |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
iFarmer product offering
Product offeringCore offering
iFarmer operates a digital agriculture platform that bundles collateral-free financing, quality agri-inputs, expert agronomic advisory, crop insurance, and market linkages for smallholder farmers in Bangladesh. The platform connects farmers, agri-input retailers, institutional buyers, and funders through four proprietary mobile applications (Folon, KriShop, Sofol, iHarvst) and uses AI/ML credit scoring with alternative data to serve previously unbanked rural populations.
Product overview
iFarmer is a unified platform connecting small-scale farmers, agri-retailers, and institutional buyers through an integrated ecosystem of four core products: Folon (farmer advisory and financing app), KriShop (agri-input marketplace for retailers), Sofol (field agent/retailer-assisted service delivery app), and iHarvst (agricultural funding/investment platform for funders). The platform combines digital agriculture, embedded finance, and market linkage to deliver financing, quality agricultural inputs, agronomic advisory, crop insurance, and guaranteed market connections—all seamlessly integrated through a data-driven technology infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- Folon: Farmer app providing low-cost, collateral-free financing with expert agricultural advice, crop monitoring, weather forecasting, and flexible repayment terms aligned with agricultural cycles.
- KriShop
- Sofol
- iHarvst
Products and services
- Folon Folon is a farmer-facing mobile application that provides smallholder farmers with low-cost collateral-free financing, expert agricultural advice via direct chat with agri experts, easy loan application, crop monitoring, weather forecasting, flexible repayment terms aligned with agricultural cycles, and access to the Adda farmer community platform with audio and text advisories.
- KriShop KriShop is Bangladesh's agri-input e-commerce platform empowering local retailers to access quality agricultural products (seeds, fertilizers, pesticides, feed) at competitive prices, with integrated digital bookkeeping (Lenden), a community platform for collaboration, and bKash payment integration for convenient transactions.
- Sofol Sofol is a proprietary mobile application that enables iFarmer's field agents and partner retailers to serve farmers through farmer registration, e-KYC completion, loan submission, project creation, follow-up monitoring, and payment collection workflows, supporting an assisted service model for farmers who may not use smartphones independently.
- iHarvst iHarvst is a mobile application connecting funders directly to vetted agricultural projects, enabling individual and institutional investors to browse projects, earn returns after harvest and sale of produce, share profits with farmers, and track investment progress in real time, with data-driven credit scoring, insurance de-risking, full transaction transparency, and Shariah-based funding options.
Quantifiable outcome
- 5x increase in farmer base from 63,000 (2022) to 300,000+ (2026)
- +3 more outcomes
Companies that use iFarmer
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
iFarmer technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature8 records
iFarmer partnerships and signals
Strategic signalScale indicators10 records
Recent moves6 records
Expansion highlights6 records
iFarmer competitors and assessment
Company assessmentBroad incumbents
- WayCool Foods: India-based full-stack agri-commerce platform with farmer sourcing, distribution, and embedded finance. Comparable to iFarmer's produce off-take and supply-chain digitization, but operating at a much broader, more distributed scale in India.
- Ninjacart: India's largest B2B fresh-produce supply-chain platform connecting farmers directly to retailers with embedded finance. Comparable to iFarmer's market-linkage and forward-buyer capabilities, though primarily a supply-chain incumbent at much larger scale.
Direct peers
- DeHaat: India's largest agritech platform serving 2M+ farmers with a bundled offering of inputs, financing, advisory, and market linkages. DeHaat is the closest analog to iFarmer's full-stack model, just at much larger scale and in a different geography.
- Apollo Agriculture: Kenya-based agritech that bundles financing, quality inputs, and agronomic advisory for smallholder farmers using data-driven credit underwriting. Nearly identical business model to iFarmer but operating in East Africa.
- Babban Gona: Nigerian agritech franchise that aggregates smallholder farmers to deliver training, inputs, financing, and offtake at scale. Comparable bundled-finance + value-chain model targeting underserved smallholders in an emerging market.
- AgroStar: India's leading agri-input e-commerce and advisory platform serving farmers with quality inputs, agronomy, and embedded finance. Directly comparable to iFarmer's KriShop + Folon combination in South Asia.
- ThriveAgric: Nigeria-based agritech providing smallholder farmers with financing, inputs, training, and guaranteed off-take via a digital platform. Highly comparable model to iFarmer's bundled finance + inputs + market linkage approach.
Emerging players
- CropIn: India-based agri-AI company offering farm management, traceability, and predictive analytics platforms for agribusinesses and lenders. Comparable to iFarmer's data/AI-driven credit scoring and farm intelligence capabilities, though B2B-focused.
- Tulaa: Kenyan agritech marketplace that connects smallholder farmers to inputs, finance, and buyers through a mobile platform. Comparable to iFarmer's marketplace + finance stack but at earlier stage and Africa-focused.
- Pula Advisors: Kenya-based agricultural insurance and advisory company that designs and distributes crop and livestock insurance to smallholders across Africa and Asia. Comparable to iFarmer's embedded insurance and risk-management layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
iFarmer social profiles
Digital presenceiFarmer financial estimates
Financial estimateRevenue estimate
Valuation estimate
iFarmer leadership team
Management profileNumber of profiles
Profiles4 records
iFarmer funding detail
Funding detailFunding overview
Funding rounds8 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iFarmer M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iFarmer
What does iFarmer do?
iFarmer operates a digital agriculture platform that bundles collateral-free financing, quality agri-inputs, expert agronomic advisory, crop insurance, and market linkages for smallholder farmers in Bangladesh. The platform connects farmers, agri-input retailers, institutional buyers, and funders through four proprietary mobile applications (Folon, KriShop, Sofol, iHarvst) and uses AI/ML credit scoring with alternative data to serve previously unbanked rural populations.
Is iFarmer a public or private company?
iFarmer is a private company. It is classified as venture growth investor backed and is currently operating.
When was iFarmer founded?
iFarmer was founded in 2018. It employs 51 to 100 people.
Where is iFarmer based?
iFarmer is headquartered in Dhaka, Bangladesh, in the Asia region.
How does iFarmer make money?
Four revenue lines are on record. Agricultural Financing / Interest Income is the primary driver. The others are agri-Input Marketplace Commission, funder Investment Returns and agricultural Advisory Services.
Who are iFarmer's main competitors?
Broad incumbents on record are WayCool Foods and Ninjacart. Direct peers are DeHaat, Apollo Agriculture, Babban Gona, AgroStar and ThriveAgric. Emerging players are CropIn, Tulaa and Pula Advisors.
Does iFarmer have an API?
No public API is recorded for iFarmer.
What industry is iFarmer in?
iFarmer's product category is Agricultural Fintech Platform. Its primary akta.pro industry code is AFAAAFAO, Farm Finance, Input Procurement & Risk Tools (Budgeting, Inventory, Insurance Links), with a secondary code of AFAAAFAE, Variable Rate Technology (VRT) & Prescription/Tasking Platforms.