The IDH Farmfit Fund has signed an agreement to acquire a 21% ownership stake in fintech scale-up company LendXS BV. The investment marks the start of a unique collaboration of the IDH Farmfit Fund, the catalysing smallholder finance facility of IDH, the Sustainable Trade Initiative and LendXS, a fintech startup by the Financial Access Group.

An estimated 270 million smallholder farmers in the world live in poverty because they lack the financial means to invest in their farms to make ...