Official Press Release

Yangon, March 19th, 2018

Impact Terra secures nearly USD 3.0 million to digitize smallholder farming

Impact Terra, the Myanmar based agriculture and fintech social enterprise, today announced that it has
secured nearly USD 3.0 million in funding to lead the digitization of smallholder farming. Its support includes a
grant from the Geodata for Agriculture and Water (‘G4AW’) facility and a grant from venture philanthropy
organization Leap201.

Through the Golden Paddy mobile application platform, Impact Terra offers personalized advice and services to
smallholder farmers, aimed at improving their productivity, market access and financial inclusion. The rapidly
increasing smartphone penetration enables Golden Paddy to reach and engage millions of smallholder farmers
in Myanmar and South-East Asia. Farmers are empowered to make their own decisions and can access realtime
information and advice.

The Netherlands Space Office (NSO), through its Geodata for Agriculture and Water (‘G4AW’) Facility, recently
confirmed its support for the Smart Agriculture Myanmar (‘SAM’) project. SAM aims to utilize satellite-based
insights to improve Golden Paddy’s farmer advice and stimulate microfinance initiatives through credit risk
assessments. Impact Terra leads the project in collaboration with Satelligence, financial services advisory firm
Financial Access and the Centre for Economic and Social Development. The globally renowned agriculture
research institute Wageningen University & Research complements the consortium.

“The SAM project focuses on bringing real-time and personalized crop timing, pest management and irrigation
advice to smallholders, enabling them to significantly reduce crop loss. We will further develop our existing
services and make those available to millions of farmers in Myanmar and other South-East Asian countries”

said Erwin Sikma, Founder and CEO of Impact Terra

In parallel Impact Terra received support from Leap201 for its On-Demand Advice (ODA) project. The project
focuses on integrating image recognition into the Golden Paddy app thereby enabling farmers to early identify
pests and diseases. As this service is available on Golden Paddy’s existing platform the farmer can also access
information on what type of (organic) methods to use and where to find various products.

"We are excited to partner with Impact Terra, as we see immense potential to improve the livelihoods of the 20
million smallholder farmers in Myanmar through access to timely and relevant agronomic advice,”
said Michael
Lien, LEAP201 Founder and Board Chairman. "We look forward to deepening our learning and engagement with
Impact Terra through this project."

A full description of all projects can be found on Impact Terra’s website,

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