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Maximize Your Cash Flow and Buying Power with Avenews Invoice Financing.
Get paid faster on your invoices and
Ready to grow? Let's make sure you meet our basic criteria:
Agribusiness owners with at least 12 months of operational history.
Supplier or Buyer of agri goods.
Avenews is open-minded, flexible, and truly believes in its customers. I have the confidence that I can do it because Avenews believed in me.
James - Fresh Produce Traders Kenya
Registered business or valid county permit.
Minimum 12 months of MPESA or bank statements
Other criteria may apply
Read what our clients love about Avenews
Real Stories, Real Growth, Together!
What is unique about our financing?
Fuel your growth with smart, flexible, and reliable financing
It's recurring -
Get the funds, repay on time, and access them again - repeat it to increase your credit limit and support your growth.
Financial Flexibility - Improve liquidity and financial planning by aligning payments with your financial cycle.
Transparent pricing -
No processing fees,
no hidden fees.
Growth Opportunities -
Allowing you to buy more and meet market demand effectively.
How it works?
1
Onboarding
Fill out our online form to see if you qualify. If you do, you’ll get access to create your own branded digital platform, to manage invoices and track payments.
2
Submit Invoices
Supplier submits their invoices for financing through the digital platform.
3
Approval and Advance
Avenews reviews and approves requests immediately, advancing 85% of the invoice value.
4
Repayment
The buyer pays the invoice, Avenews retains the advanced amount and markup, and then transfers the remaining funds to the supplier’s account. The credit limit is then restored.
Frequently asked questions
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What is the process for getting the Agri Credit Line?We know quick access to funds is crucial for your agribusiness. Our process is fast and easy, with approval possible in less than 48 hours: Step 1 - Application: Complete our online application form to check eligibility. If eligible, you will be automatically transferred to set up a call with our financing specialists. (Time: 4 minutes) Step 2 - Onboarding: Share additional documents through our secure mobile app, such as bank and MPESA statements, and business registration certificates. Our team will assist you throughout the process. (Time: Up to you) Step 3 - Business Review: We evaluate your business and provide an official financing offer if approved. If declined, we’ll explain why, and suggest improvements. (Time: Up to 24 hours) Step 4 - Activation: Sign the agreement in our secure mobile app, request funds, and access them within minutes. We are committed to making the process fast and simple.
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How much can I ask for?You can apply for an amount between KES 200,000 and KES 2,000,000. During the first 3-6 months, your financing amount may be capped lower than requested. As you complete initial financing cycles and demonstrate strong business performance, your amount limit may increase based on your needs and growth potential.
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What type of agribusinesses does Avenews serve?Avenews supports small and medium-sized agribusinesses in various sectors: Fresh Produce: Fruits, vegetables, fresh herbs, etc. Dry Commodities: Grains, legumes, nuts, spices, etc. Inputs: Seeds, fertilizers, pesticides, animal feeds, etc. Livestock Products: Dairy, eggs, meat, wool, etc. Livestock: Cows, goats, poultry, etc. Animal Feed Ingredients: Cottonseed cake, wheat bran, maize germ, etc. Note: We currently do not finance farming operations, smallholder farming, or businesses outside the agriculture industry. Business Types Supported: Agrovets, millers, processors, aggregators, manufacturers, and other agribusinesses operating within the listed sectors. Eligibility Criteria: Active as an agribusiness for at least 12 months 12 months of MPESA or bank statements Minimum monthly sales of KES 300,000 Registered business or valid county permit Physical business premises Other criteria may apply.
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How can I apply for the Agri Credit Line?You can apply through our online application.
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How can I check if my business is eligible for a loan?To find out if your business qualifies for financing, submit an application form. Basic eligibility criteria include: Active agribusiness for at least 12 months 12 months of MPESA or bank statements showing your operations Minimum monthly sales of KES 300,000 Registered business or a valid county permit You’ll receive a quick response once your application is reviewed.
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What is the financing period for the Agri Credit Line?The financing tenure ranges from 1 to 3 months, chosen by you, based on your business needs. After repayment, you can immediately access the funds again, providing continuous support for your business growth.
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What if my business is not eligible for a loan?If your business does not meet the eligibility criteria, we recommend addressing any gaps and reapplying once you meet the necessary requirements.
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What is the cost for the Agri Credit Line?Avenews only charges a markup on the funds you use. We don't have processing or hidden fees. We don't charge for applying. The cost of the Agri Credit Line depends on the loan term and the amount you select. You can check the exact cost using our price simulator. Please note that using the price simulator does not count as an application. To apply, please click here.
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What is Avenews?Avenews is a well-established Pan-African Fintech dedicated to empowering small and medium-sized agribusinesses with innovative financial solutions. Our financing solutions are tailored to the unique needs of agribusinesses, providing short-term, flexible financing designed to help agri-SMEs increase cash flow, seize growth opportunities, and thrive in the competitive market. We believe in fostering strong partnerships, understanding our clients' challenges, and delivering fast, transparent, and supportive financial services to ensure their success.
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How can Avenews help my agribusiness?Avenews offers financing solutions that supplement your existing cash flow, enabling you to purchase more agricultural products or inputs and meet market demand effectively.
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What funding solutions does Avenews provide?Avenews offers tailored financial solutions to enhance the purchasing power and cash flow of agribusinesses: Agri Credit Line: Short-term credit to buy stock and meet market demand. Invoice Financing: Get early payments on outstanding invoices to maintain a steady cash flow. Our solutions are: Recurring: Access funds, repay, and repeat for continuous support. Flexible: Borrow only what you need and pay for what you use. Cash Flow Boost: Supplement your cash flow to help your business grow.
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How are Avenews' solutions different from a bank loan?Avenews offers fast, short-term financing tailored for agribusinesses: Simplicity: No bureaucracy, no queues—just a straightforward application process. Speed: Once you’re eligible for funding, get quick approval and receive funds within minutes. Recurring Access: Repay and instantly access the same amount without reapplying. Flexibility: Choose your repayment term and only pay for the funds you use, not the entire credit limit. Growth Potential: Your funding amount can increase as your business grows. Transparent Pricing: Clear with no hidden fees. Digital Process: Manage everything online, making it convenient and hassle-free.
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Where does Avenews operate?Avenews primarily operates in Kenya, serving registered small and medium-sized agricultural businesses involved in the purchase and sale of agricultural produce or inputs. We have offices in Nairobi, South- Africa, and Tel Aviv.
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How can I contact Avenews?You can always reach us by: Email at jibiwa@avenews-gt.com Through our Facebook Messenger, On WhatsApp at +254-795-021-243 By phone at +254-111-133-300.
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Does Avenews have a license?Yes, Avenews KE Limited is a licensed data controller and is within the Central Bank of Kenya's digital lender regulation as it awaits its digital lending license.
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