TerraMagna intends to offer R$5,5 billion over the next three years

TerraMagna plans to reach a portfolio of more than R$5,5 billion in credits over the next three years. The company designs financial products that should be launched before this year's summer harvest. The focus is on long-term operations to finance crop inputs.

The company reached its "breakeven" in the first quarter of 2023. It recorded a 7,5-fold increase (750%) in its revenue, reaching R$29 million. The forecast is that by December this year the company's revenue will reach R$125 million, maintaining profitability.

According to information from the company, this year, TerraMagna intends to raise at least another R$350 million with the aim of meeting the growing demand for credit in agriculture.