Australia farms need capital to grow, but lenders struggle with a lack of information to invest in the right farms. We aim to bridge this gap.
The government intends to grow the industry by 40 billion dollars by 2030, the economics are so poor that it’s estimated an investment of 250 billion will be needed to do so. With a worsening climate and rising farm bankruptcies, our solution provides the direct insights needed to increase loan and farm performance, while accelerating growth of the industry.
Our platform uses satellite imagery to inform lender how profitable the asset will be and provides farmers with early warnings for crop stress detecting changes imperceptible to the human eye.
MerQary won the 2019 Deloitte Gravity Challenge Supernova Award for greatest social impact.