Brazil’s agfintech sector grew 14.1% in 2024, reaching 97 companies, reports Radar Agtech. Rural digitization, improved internet connectivity, and regulatory developments like Fiagros and digital CPRs/CRAs drive growth, helping the sector become more competitive and drawing capital market players. The expansion resulted from credit, insurance, and fiduciary studies. Experts predict the first agribusiness unicorn (valued over USD 1 billion) will emerge in this segment. Despite high interest rates and reduced liquidity, established agfintechs remain resilient. With just 5% of Latin American startup investments targeting agribusiness, Brazil’s sector has significant growth and innovation potential.
Source: Globo Rural (*Translated by Ia Niani)
FINANCIAL STARTUPS IN AGRIBUSINESS SEE A 14.1% GROWTH IN 2024
Published On - 9 de May de 2025