Developer of a financing and trading platform designed to support a more sustainable way to provide the agricultural industry with financial resources enabling farmers to borrow in an industry that constrains access to traditional sources of capital. In doing so, it has been able to take on one of the biggest challenges that the produce industry faces: lack of access to working capital.
ProducePay leverages The Perishable Agricultural Commodities Act (PACA) to create a new securitized asset class around produce, effectively collateralizing fresh perishable produce into an investable commodity.
The search for inputs becomes tech or marketplace enabled- instead of relying on personal research making access easier to distributor providing lower commission who is also closer to the end buyer. This helps efficiency in the sector.
ProducePay delivers valuable Data & Analytics to the highly opaque produce industry. Insights provide growers commodity pricing, movement and weather through daily market report. Growers can track the progress of their crops through Live Dashboard- a task which was previously impossible.