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Content provided by SABM Group, LLC, Scott Mackes, and USNA '01. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SABM Group, LLC, Scott Mackes, and USNA '01 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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#333: Revolutionizing Agriculture Through AI-Powered Farm Finance with Ajit Purandare, USMA ’95

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Manage episode 500027606 series 1437003
Content provided by SABM Group, LLC, Scott Mackes, and USNA '01. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SABM Group, LLC, Scott Mackes, and USNA '01 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Need financing for your next investment property? Visit: https://www.academyfund.com/

Want to join us in San Francisco, CA on October 7th & 8th?

Visit: https://www.10xvets.com/events

____

Ajit Purandare is the Chief Revenue Officer at Croptell, a FinTech company revolutionizing agricultural finance through artificial intelligence. He brings a unique perspective to the agricultural space, having grown up in farming communities on the eastern shore of Delaware in the heart of "chicken country".

A West Point graduate, Ajit joined Croptell after consulting with founder Scott Sartor for two years. What started as a relationship built through duck hunting in the Mississippi Delta evolved into a powerful partnership aimed at disrupting the agricultural finance space. Coming from a family that immigrated from India, Ajit understands firsthand the critical importance of agriculture and the thin margins farmers operate on.

Through data science and AI powered insights, Ajit is helping to transform how farmers access capital and manage their operations. His mission is to empower farmers to focus on what they do best while providing lenders with better tools to assess creditworthiness beyond traditional FICO scores.

In this episode of the SABM podcast, Scott chats with Ajit about:

  • Croptell's Mission: Revolutionizing crop finance through AI and disrupting the traditional agricultural finance space
  • The Problem They're Solving: How only 18% of farmers actually do budgets and the challenges of relationship-based lending
  • Platform Functionality: 5-8 minute onboarding process with AI-powered insights covering 3,000 major crop-producing counties
  • Target Market Strategy: Focusing on 265,000 Gen Z and millennial farmers taking over family operations through succession planning
  • Growth Goals: Raising capital for the next crop finance cycle and building partnerships with private equity and community banks

Timestamps: 00:53 Introduction to Croptell

02:21 The Agricultural Finance Landscape

05:09 How Croptell's Platform Works

08:30 Goals and Future Plans for Croptell

13:23 Challenges and Support Needed

16:39 Personal Connection to Agriculture

17:57 Final Thoughts and Contact InformationConnect with Ajit:

If you found value in today's episode, don't keep it to yourself—share it with a colleague or friend who could benefit. And if you're a Service Academy graduate ready to elevate your business, we'd love for you to join our community and get started today.

Make sure you never miss an episode subscribe now and help support the show:

A special thank you to Ajit for joining me this week. Until next time!

-Scott Mackes, USNA '01

  continue reading

337 episodes

Artwork
iconShare
 
Manage episode 500027606 series 1437003
Content provided by SABM Group, LLC, Scott Mackes, and USNA '01. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SABM Group, LLC, Scott Mackes, and USNA '01 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Need financing for your next investment property? Visit: https://www.academyfund.com/

Want to join us in San Francisco, CA on October 7th & 8th?

Visit: https://www.10xvets.com/events

____

Ajit Purandare is the Chief Revenue Officer at Croptell, a FinTech company revolutionizing agricultural finance through artificial intelligence. He brings a unique perspective to the agricultural space, having grown up in farming communities on the eastern shore of Delaware in the heart of "chicken country".

A West Point graduate, Ajit joined Croptell after consulting with founder Scott Sartor for two years. What started as a relationship built through duck hunting in the Mississippi Delta evolved into a powerful partnership aimed at disrupting the agricultural finance space. Coming from a family that immigrated from India, Ajit understands firsthand the critical importance of agriculture and the thin margins farmers operate on.

Through data science and AI powered insights, Ajit is helping to transform how farmers access capital and manage their operations. His mission is to empower farmers to focus on what they do best while providing lenders with better tools to assess creditworthiness beyond traditional FICO scores.

In this episode of the SABM podcast, Scott chats with Ajit about:

  • Croptell's Mission: Revolutionizing crop finance through AI and disrupting the traditional agricultural finance space
  • The Problem They're Solving: How only 18% of farmers actually do budgets and the challenges of relationship-based lending
  • Platform Functionality: 5-8 minute onboarding process with AI-powered insights covering 3,000 major crop-producing counties
  • Target Market Strategy: Focusing on 265,000 Gen Z and millennial farmers taking over family operations through succession planning
  • Growth Goals: Raising capital for the next crop finance cycle and building partnerships with private equity and community banks

Timestamps: 00:53 Introduction to Croptell

02:21 The Agricultural Finance Landscape

05:09 How Croptell's Platform Works

08:30 Goals and Future Plans for Croptell

13:23 Challenges and Support Needed

16:39 Personal Connection to Agriculture

17:57 Final Thoughts and Contact InformationConnect with Ajit:

If you found value in today's episode, don't keep it to yourself—share it with a colleague or friend who could benefit. And if you're a Service Academy graduate ready to elevate your business, we'd love for you to join our community and get started today.

Make sure you never miss an episode subscribe now and help support the show:

A special thank you to Ajit for joining me this week. Until next time!

-Scott Mackes, USNA '01

  continue reading

337 episodes

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