Colombia fintech AgriCapital raised an undisclosed debt amount from Grupo AlphaMundi’s investment fund SocialAlpha-Bastion (SAIF).
AgriCapital will use the funds to extend additional loans to local farmers.
“By leveraging these funds to issue new loans, we are not only supporting individual farmers but also contributing to the overall growth and resilience of the agricultural sector,” said AgriCapital’s Co-Founder and CEO Juan Sebastian Correa.
AgriCapital provides tailored credit solutions for Colombian farmers, helping them access financing for machinery and supplies with flexible repayment options based on their agricultural cycles.
Founded in 2016, AgriCapital serves over 6,874 clients in Colombia and has a gross loan portfolio of $3.6M.
Read more on LatamFintech Hub.
