Agxes
Harvesting Data, Nurturing Loans
Location:
United States, Mexico
Founded:
2023
Team Size:
5
Industry:
SaaS (Software as a Service), Finance, Sustainability, Agriculture, Artificial Intelligence (AI), Analytics, SME
Founders:
Victoria Eugenia Tostado Bringas, CEO
Benedetta Magni, CFO
About:
Agxes' mission is to democratize access to agricultural credit. By leveraging advanced data analytics and a machine learning-powered risk engine, we empower credit institutions to extend affordable credit to small and medium-sized agricultural enterprises (SMEs). Our solution expands operational capacity by increasing processing efficiency 10X compared to their current infrastructure, while also mitigating defaults and standardizing processes. We are currently piloting our solution with two partners in Mexico to refine our value proposition for broader impact
Describe your startup. What is your startup's mission, and what problem are you solving and who are your customers?
Agxes' mission is to democratize access to agricultural credit. By leveraging advanced data analytics and a machine learning-powered risk engine, we empower credit institutions to extend affordable credit to small and medium-sized agricultural enterprises (SMEs). Our solution expands operational capacity by increasing processing efficiency 10X compared to their current infrastructure, while also mitigating defaults and standardizing processes. We are currently piloting our solution with two partners in Mexico to refine our value proposition for broader impact
Who are the founders, and what sparked the idea for this venture?
Victoria Tostado, an MIT SF MBA 24 and Fulbright Scholar is a farmer in Mexico with over 10 years of experience in industrial, agricultural sectors and economic development with multilateral offices, co-founded this venture driven by her passion for fostering economic sustainability, equity, and climate action. She sought a partner with strong finance expertise and met Benedetta Magni, an accomplished finance professional educated at MIT, HEC Paris, and Bocconi University. Benedetta brings a wealth of investment banking experience and was recognized among the top 10 finance talents in the Italian 2023 Nova111 Student List. Since meeting in the summer of 2023, they’ve shared a commitment to impact finance and built a strong partnership.
What makes your product or service unique in the market?
Agxes is optimizing capital allocation by focusing on the long overlooked segment of agricultural SMEs and unlocking fintech solutions for this critical industry. Our approach combines innovative AI, data analytics, financial expertise, and deep industry knowledge to tackle persistent challenges in agricultural finance and enabling economic growth.
What milestones have you achieved so far if any, and where do you see your startup in the next 2-5 years?
Agxes has successfully launched two pilots in Mexico and conducted over 100 interviews with stakeholders in the agricultural sector. In the next 2-5 years, we aim to expand our services in the Mexican, LATAM and U.S. markets, enhancing our impact on agricultural SMEs by optimizing access to credit and driving economic growth in these regions.
What defines your company culture, and what type of talent are you looking for?
Our company culture is driven by a team of incredibly talented individuals who believe in leveraging our talents to uplift others and help them thrive. We are commited to excellence, trust, and friendship. Our culture centers on building something bigger than ourselves.
Are you currently open to investments or partnerships?
Yes, we are preparing to open our pre-seed round and are also actively seeking collaborations with institutions that promote agricultural credit and support innovation in scalable impact start-ups.
How can interested investors, partners, or potential employees get involved or learn more?
For more information please contact victoria.tostado@agxes.com or benedetta.magni@agxes.com
What were the best and worst pieces of advice you received as a founder?
“Never hesitate to ask for help". The best support we've received has been the willingness to help, with a focus on a continuous growth mindset. This guidance encourages us to explore and refine our ideas, recognizing that innovation rarely follows a straight path. It requires diverse perspectives, hands-on experimentation, and constant exploration. Major breakthroughs take time, and mistakes are simply opportunities to learn and improve. Being in environments that foster this mentality is intellectually stimulating and empowering. Huge thanks to all the "How can I help?" people who support this journey of discovery and growth!
The worst advice, “you have to have all the answers”.