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  • The recent Intergovernmental Panel on Climate Change (IPCC) report highlights the grim reality that "the rise in weather and climate extremes has led to some irreversible impacts." Agriculture is vulnerable to increasing heat, soil degradation, and more intense precipitation, affecting food systems, and bringing millions into food insecurity, mostly in developing economies.
  • Finance for adaptation has been neglected and is inadequate. UNEP estimates adaptation costs in developing countries at $140 billion - $300 billion by 2030. The public sector cannot meet these targets alone. Attracting private capital for adaptation is a priority. So, what is the game-changer to increasing private capital for adaptation?
  • Tiserin Capital Management Limited (TCM), a Kenyan advisory firm, the Bill and Melinda Gates Foundation (BMGF), and One CGIAR have joined forces to develop and launch ADAPTA.EARTH (ADAPTA), a climate adaptation FinTech for the agriculture sector. ADAPTA seeks to strengthen farmers' and Agri-SMEs' climate resilience and support their expansion plans and financial standing. More importantly, ADAPTA seeks to unlock capital from lenders and investors through an algorithm that leverages weather, soil, water, biodiversity, inputs, and market data, enhancing their approval process.  In the same way, credit scoring algorithms transformed consumer and corporate finance, ADAPTA's algorithm may unlock millions of dollars for climate-smart agriculture.
  • Phase I: This phase is seeded with a US$1.5Mn grant from the Bill & Melinda Gates Foundation (BMGF) to develop ADAPTA's Climate Smart System (CSS), a technology-driven climate risk assessment that leverages technology and data to complement the traditional financial, legal, ESG, and tax due diligence appraisal process. The CSS will be tested in 6-10 projects in the maize, potato, horticulture, tea, coffee, grass, and dairy value chains, among others.  ADAPTA committed and disbursed its first loan early this year and plans to close three others by July 2022.   Five Kenyan financial intermediaries will also be invited to test the CSS.
  • Phase II: TCM plans to establish ADAPTA.EARTH in Delaware, USA, with two business verticals: (i) a US$40Mn+ blended finance FinTech that leverages the CSS and focuses on small and medium farmers and Ag-SMEs in Eastern and Southern Africa, Central America, Peru, and Colombia; and (ii) establish ADAPTA CS, a SaaS offering the CSS to lenders and investors in Africa and Latin America.
  • ESG: TCM has adopted IFC's E&S Performance Standards and uses IFC's Governance Guidelines for SMEs.
  • Impact: job creation, farmers reached, acreage under climate-smart agriculture, GHG reduction, etc. TCM and ADAPTA are aligned to the DFC's 2X Women Initiative.
  • Why ADAPTA: with growing global attention to climate action, ADAPTA is positioned to help the world’s adaptation priorities. ADAPTA has a local and proven team with expertise in multi-stakeholder facilities, agriculture and agribusiness, SMEs, credit and equity, blended finance, and ESG. 

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