Avenews, FPCK roll out financing to ease farmers’ cash flow

The initiative introduces an invoice discounting model that allows suppliers to access working capital within hours of delivering produce, helping them avoid long payment cycles that can stretch up to 90 days. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Avenews, an agri-fintech firm, has partnered with the Fresh Produce Consortium of Kenya (FPCK) to launch a new financing solution. This initiative aims to tackle the significant cash flow challenges faced by farmers and suppliers in Kenya's fresh produce sector by providing quick access to working capital.

Suppliers can now access working capital within hours, a sharp improvement from payment cycles that previously stretched up to 90 days.
Key partners include Avenews and the Fresh Produce Consortium of Kenya (FPCK).
The solution utilizes an invoice discounting model to help suppliers restock, fulfill orders, and maintain supply chains without delays caused by late payments.

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