Babban Gona, a Nigerian AI-powered agritech company, has raised a $7.5 million debt round from the British International Investment (BII), the UK’s development finance institution, to offer capital to smallholder farmers in Northern Nigeria. The company uses AI to offer end-to-end services, including credit, training, support with harvesting, storage, and access to markets, to smallholder farmers. As these enterprises scale, Babban Gona supports them in accessing funding from local banks. Through this structure, Babban Gona wants to raise yields and increase incomes for roughly 140,000 smallholder farmers in northern Nigeria by 2029, backed by BII’s investment. Babban Gona supplies drought-tolerant seeds, climate-smart inputs, and multi-peril area yield insurance that helps farmers withstand and recover from climate shocks.