The rural producer-focused digital credit provider is set to receive $120m from Conglomerado Alfa subsidiary Alfa Collab over three years.
E-ctare, a Brazil-based credit platform and digital wallet for rural farmers, secured a $120m investment commitment from conglomerate Conglomerado Alfa last month.
Conglomerado Alfa will provide the money over a period of three years through its corporate venturing and innovation hub subsidiary, Alfa Collab.
Founded in 2017, E-ctare provides credit for rural producers through a mobile app which includes a digital wallet. It has been working towards launching a credit card to go along with its services.
The company also…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
