AgriCapital secured $7.4 million in a funding round led by ALIVE Ventures to enhance financing access for small and medium-sized farmers in Colombia.

Target Information

AgriCapital, established in 2018, is Colombia's pioneering agrifintech firm focused on bridging the financing gap for small and medium-sized farmers. By utilizing technology and data, AgriCapital crafts tailored financing solutions that cater to the distinct requirements of rural producers. The company's innovative business model integrates local infrastructure with an extensive network of allied agricultural supply stores, facilitating efficient access to qualified financing opportunities for farmers nationwide.

With a clientele comprising 81% smallholders, 17% independent agricultural workers, and a significant 26% women, AgriCapital is making strides in promoting financial inclusion. Notably, 45% of its clients lacked any prior credit history, underscoring the company's role in opening new avenues for underserved rural populations, with 99% of clients residing in rural regions.

Industry Overview in Colombia

Agriculture is a crucial sector within Colombia's economy, contributing approximately 8.7% to the nation's GDP in 2023. This sector not only bolsters the economy but also employs a considerable portion of the workforce,