CREDIT
Startups address the increasing demand for rural credit in Brazil
Agrolend showcases its USD 53 million Series C funding on the Nasdaq billboard in New York. Photo: Agrolend
Brazil is both a global leader in agribusiness and financial technology — and the country is now seeing a convergence of these two sectors. A wave of startups is reshaping how farmers access credit, a segment traditionally dominated by public banks with subsidized loans.
According to the latest Radar Agtech report, 5% of Brazil’s 1,972 active agtechs now focus on credit and financial services. The number of agfintechs — agricultural startups specializing in finance — has increased from just 24 in 2019 to 97 last year, making it one of the fastest-growing sectors in the industry.
Two of the five largest agtech investment rounds in Latin America in 2024 involved Brazilian fintechs that support rural credit…
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