HeavyFinance secures €50m to revolutionise European agricultural lending

HeavyFinance secures €50m to revolutionise European agricultural lending

HeavyFinance, a prominent player in the climate tech investment sector, has successfully channelled a substantial €50m into agricultural loans throughout Europe.

The impressive €50m has been judiciously allocated across approximately 1,700 diverse projects. This strategic distribution has been instrumental in nurturing valuable connections between small and medium-scale farmers and a comprehensive global investor community. Notably, this community encompasses over 10,000 registered investors from various corners of the world, including esteemed countries like France, Germany, and Spain.

HeavyFinance stands out for its pivotal role in promoting sustainable agriculture. The company’s efforts are particularly noteworthy as it gears up to unveil its first nature-based carbon credits in the initial half of 2024. This development is poised to mark a significant stride in the realm of sustainable practices.

Highlighting the significance of this milestone, HeavyFinance CEO and Co-Founder Laimonas Noreika remarked, “This milestone is not just a number; it represents a significant leap towards sustainable agriculture and climate action. When we started in 2020, there was scepticism about the influence of financial innovations to impact the adoption of sustainable practices in agriculture.

“Now, with this milestone and our imminent launch of nature-based carbon credits, HeavyFinance is demonstrating what can be achieved. We’re not just financing farms; we’re investing in a sustainable future for our planet.”

In the previous year, HeavyFinance made headlines with the launch of its Green Loans. These loans are specifically designed to provide European farmers with the necessary financial support to transition to regenerative agricultural practices, all at a commendable 0% interest rate. Moreover, this initiative offers farmers the opportunity to generate additional income through the sale of carbon credits, a direct result of implementing sustainable practices.

As HeavyFinance continues to lead the charge in developing innovative financial solutions tailored to climate action, its commitment to bridging the financial gap is evident. This dedication not only supports the global endeavour to achieve net-zero emissions by 2050 but also significantly contributes to the attainment of the UN Sustainable Development Goals.

Keep up with all the latest FinTech news here.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.