Traive, a company operating at the intersection of agriculture and financial technology, has successfully secured a $20m investment, marking a significant milestone in its journey.
The funding round was led by Banco do Brasil through the BB Impacto ASG I Fund, managed by Vox Capital, according to a report from Contxto.
This infusion of capital is dedicated to accelerating technological advancements, expanding the company’s footprint in Brazil, and launching a novel credit trading platform designed to bridge the gap between the agricultural supply chain and capital markets.
At its core, Traive is a trailblazer in the agricultural FinTech sector, employing artificial intelligence to analyze over 2,500 data points. This comprehensive risk profile analysis offers a more accurate reflection of the agricultural business sector’s realities.
Traive’s innovative approach has been rigorously evaluated by a technical panel from the Association for Computing Machinery (ACM), showcasing its capability to stand shoulder to shoulder with the practices of the global financial system.
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