Kenya

AquaRech, a leading aquaculture technology company founded in 2019 by Dave Okech, is revolutionizing fish farming in Kenya and beyond through innovative solutions tailored to address critical challenges faced by smallholder fish farmers. Leveraging a digital platform powered by mobile app technology, AquaRech bridges gaps in the aquaculture sector by providing farmers with high-quality fish feeds, credit financing, market access, and technical support. The AquaRech Fish Farmer app, accessible through both smartphone and USSD versions, empowers farmers with tools to monitor fish growth, track feed usage, and connect with a structured fish market through a unique buyback system. Additionally, the AquaRech Fish Deli app caters to consumers, offering doorstep delivery of air-fried Kenyan farmed tilapia, showcasing the company’s commitment to vertical integration.

AquaRech’s innovative solutions, such as the “buy now, pay later” financing model, help farmers access critical inputs like feed, enabling them to reduce production time from 16 months to 8 months and achieve a 40% increase in productivity. The integration of IoT water temperature sensors and real-time performance tracking further enhances precision farming. AquaRech not only supports sustainable fish farming practices but also aims to transition smallholder farmers into commercially profitable ventures. With over 6,000 farmers on its platform and a goal to scale to 10,000 by next year, the company is set to make a significant impact on the aquaculture industry in Kenya and expand its reach to East Africa, including Uganda, Tanzania, and Rwanda.

Having raised nearly $3 million in funding through seed rounds, grants, and debt financing, AquaRech is poised for rapid growth. The company’s ambitious Series A funding round, targeting $8 to $10 million, will focus on scaling credit financing, enhancing production systems, and increasing market access for farmers. By addressing overfishing, declining fish stocks, and Africa’s growing protein demand, AquaRech positions itself as a key player in the sustainable transformation of aquaculture in sub-Saharan Africa. Through its digital solutions and strategic partnerships with organizations like Equity Bank, AquaRech is ensuring that fish farming is not just viable but profitable for thousands of smallholder farmers.