Traive builds a platform that concentrates the agricultural credit process and the sale of receivables in a single place, powered by proprietary AI trained on over 2,500 data points. The technology examines extensive datasets to provide updated and precise information for credit assessment. The company positions itself as a solution to improve evaluation of credit risk across the agribusiness chain. Traive works with market leaders and corporate investors to accelerate adoption within the agriculture ecosystem. Management emphasizes partnerships with industry leaders to increase availability of financing and to promote environmental practices. Traive was founded in 2018. Traive operates a B2B2C ag fintech platform that centralizes the steps of a farmer's credit journey, enabling lenders to receive applications, collect documents, analyze risk, approve loans, and process payments online. The company uses algorithms and expanded data collection to deliver real-time risk assessment and improve lender decisioning. Traive’s direct customers are lenders and ag supply-chain businesses, with farmers served indirectly; the platform targets small- to medium-sized farmers who lack access to traditional bank financing. Founded in 2018 out of an MIT research project, Traive is currently based in the US and Brazil and primarily serves Brazilian farmers. The company plans to build more products, hire additional data scientists, enable broader data collection, develop a digital wallet, and ultimately become a digital bank pending regulatory approval from the Brazilian central bank. Traive also intends to extend its product to reach farmers directly and plans expansion into the US next year. Traive offers a range of financial products and services for the agricultural supply chain in Brazil and the US, built around proprietary technologies and unique models for risk analysis and diversification. The company generates real-time risk assessments using algorithms and proprietary data to help ag retailers, input companies, and other supply-chain businesses provide working capital loans to farmers. Traive operates on a B2B model (B2B2C potential) to leverage lenders' historical data and lower client-acquisition costs. Its platform layers credit application, management, documentation, and alerting on top of the core risk-assessment model. Launched in 2018 and spun out of MIT, Traive targets medium-size producers underserved by regular financial players. The company plans to use the new funding to build its team, expand its product lineup, and acquire data to improve its credit-risk models.

Total raised

$40M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2024