Farmtech Secures $10 Million Investment to Expand Rural Digital Credit Access

Farmtech, a player in Brazil’s rural digital credit market for seven years, has secured an investment of $10 million from venture capital manager Bewater. This investment aims to increase credit availability for rural producers across the country.

Farmtech, led by CEO Rafael Pilla, has facilitated over R$22 billion in credit transactions, reaching 85% of the input supply chain through its network of partners.

Pilla emphasized that the partnership with Bewater aims to accelerate Farmtech’s growth. “We are integrating leaders from top-performing companies onto our team, known for driving successful and rapid growth in their respective markets,” stated Pilla. He outlined plans for rapid product launches and enhanced digital financing solutions tailored to partner sales.

Guilherme Weege of Bewater expressed confidence in Farmtech’s scalable model, particularly its effectiveness in addressing critical challenges in agricultural credit distribution. “Farmtech leverages technology to streamline credit access for Brazilian producers, filling a crucial gap in the market,” noted Weege. He also announced plans to deepen retail financing initiatives within the agricultural sector.

Farmtech’s growth over the past seven years has seen it collaborate with over 2,200 retailers and serve more than 20,000 customers nationwide. Pilla underscored the importance of simplifying rural digital credit accessibility: “Our goal is to make digital credit just a click away for producers.”

The partnership marks a milestone for Farmtech, aligning with its mission to revolutionize rural credit accessibility through strategic innovation and partnerships in Brazil’s agricultural sector.