Brazilian credit fintech for farmers, Agrolend, secured $53M in a Series C round led by Creation Investments and Syngenta Group Ventures. Vivo Ventures, L4, Norinchukin Bank, Valor Capital, Lightrock, Yara Growth Ventures, Provence Capital, SP Ventures, Barn, and others also participated in the round.
This latest funding round brings Agrolend’s total capital to $100M, following its Series B funding closed at the end of 2022.
With the funding, Agrolend will expand its credit offerings to small and medium-sized farmers, in partnership with resellers, cooperatives, and agricultural input and equipment industries. Agrolend extends credit directly at the point of sale, making the process much more convenient for the farmer.
Founded less than four years ago, Agrolend operates in over 15 states in Brazil, supporting farmers growing crops like soybeans, corn, sugarcane coffee, or raising livestock. The fintech aims to expand its credit portfolio to $600M and serve 10,000 small and medium-sized farmers across Brazil.
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