The Los Angeles-based startup will use the capital to expand its presence in Latin American markets, while also building out its tech and sales capabilities.
Agrolend is aiming to offer better financing options for Brazilian farmers who have faced challenges like depreciation of the country’s currency.
With its Credit Score of Agriculture tool, the Wisconsin startup is hoping more data in agricultural lending can modernize and demystify the process.
Through Arkansas-based AcreTrader, investors can add farmland to their portfolios – while farmers can get financial assistance to purchase new land or infrastructure.
The Indian startup plans to build out its lending capabilities, as well as adding insurance and crop spraying to its roster of farmer-focused services.
Delhi-based Arya, which provides grain storage and loans to smallholders, is fintech investor Quona Capital’s second ag finance deal.
Iowan corn growers are backing startups, entrepreneurs, and funds to help ensure their industry keeps ahead of the ag innovation curve.
Trade, logistics, and supply chain management are among the other areas to be targeted by the new government-backed initiative.
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