TerraMagna is a São Paulo-based agricultural fintech offering embedded financing that helps ag retailers extend buy-now, pay-later credit to farmers at point of sale. It manages vendors' sales and performs credit analyses, using collected data and external sources such as satellite imagery to assess farmers' creditworthiness and environmental compliance. The model aims to increase access to inputs like seeds, fertilizer, and equipment for small and medium farmers while driving higher sales for retailers. Founded in 2017 by Bernardo Fabiani (CEO) and Rodrigo Marques (COO), the company had 110 employees and reported a credit portfolio of $120 million in 2021, more than 10x its 2020 level. TerraMagna says retailer revenues increased by up to 20% thanks to its financing services. The product addresses a gap left by Brazil's traditional banking sector, which has historically underserved many farmers.

Total raised

$40M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Jan 2022