TerraMagna offered more than R$700 million for agribusiness in 2021

Contrary to the financial crisis generated by the pandemic, TerraMagna ended the year with significant numbers in the receivables anticipation market aimed at agribusiness.

With input distributors, rural producers, agribusinesses, trading companies, cooperatives, securitizers and investment funds as its main customers, agfintech brings fair, fast credit with less bureaucracy to agribusiness in Brazil.

“Brazilian agribusiness had a very good year, despite all the adversities generated by the pandemic. The expectation is that the market will continue to heat up and grow during 2022. We are pleased to contribute to the growth of the sector through credit, particularly at this time when the cost of inputs is growing and, at the same time, the volume of subsidized resources is decreasing ”, comments Bernardo Fabiani, specialist in granting credit for agribusiness.

2021 numbers

- R$700 million in credit for the purchase of inputs, such as pesticides, seeds and fertilizers;

- 101 employees were hired.

Projections for 2022

- TerraMagna estimates moving around R$1,2 billion in credit for inputs;

- 150 employees will be hired in 2022, totaling 264 employees by December. Increase of approximately 131% compared to last year.