Yara Growth Ventures invests in Agrolend – a leading Brazilian agriculture fintech

Founded by brothers Alan and Andre Glezer in 2021, Agrolend offers to farmers easy, fast, and bureaucracy-free credit to buy agribusiness inputs such as seeds and fertilizers. Loans are formalized in a 100% digital manner using the grower’s Whatsapp, and the capital becoming available in less than a week. Agrolend has a vast network of more than 100 partners with the credit being offered directly at the point of sale with a retailer.

Following the R$145M series B funding round, Agrolend looks to build a profitable R$2 billion loan book with a client base of 10,000 farmers in the coming years . The series B round was led by Lightrock, a global private equity manager with an impact focus, as well as Suzano Holding (large pulp and paper producer), Mago Capital (investment vehicle of the founders of Locaweb in Brazil), and Yara Growth Ventures (the venture investment team of Yara International).

“Agrolend managed to bring together investors with complementary characteristics, joining competences such as growth capital with an impact focus, deep knowledge of the agribusiness sector, global presence, among others. Furthermore, those investors have long-time commitments to invest in Brazil and are willing to invest much more at Agrolend in the following years.”, according to Andre Glezer, co-founder at Agrolend.

According to George Roche, Investment Director at Yara Growth Ventures, “I’m excited to have the chance to work with the Glezers and the Agrolend team to help Brazilian farmers. We have seen globally that better access to financing allows farmers to do better and become more sustainable – Agrolend is playing this critical role in Brazil and we look forward to their growth.”

About Agrolend

Agrolend is a financial institution that was born to revolutionize the agribusiness market for small and medium-sized farmers in Brazil, by granting fast, easy and bureaucracy-free credit. The company operates through partnerships with industries and distributors of ag inputs, equipment, and farm implements, and also works with agtechs in the financing of technology. Farmers have access to credit through an electronic platform and operations are originated and formalized in a totally digital

environment, just using the smartphone. Agrolend is present in more than 10 Brazilian states and in several segments such as soybeans, corn, coffee, sugar cane, fruits, livestock and dairy cattle. Agrolend SCD S.A. is a “Sociedade de Credito Direto”, authorized by the Central Bank of Brazil, pursuant to BCB Resolution No. 4,656, dated April 26, 2018. Learn more at www.agrolend.agr.br

About Yara Growth Ventures

Yara Growth Ventures is the venture investment team within Yara International ASA investing in disruptive startups in the agri-food industry globally in order to advance the mission of responsibly feeding the world and protecting the planet. Learn more at www.yaragrowthventures.com