JICA signs deal to invest in Brazilian farming fintech firm

Japan’s Japan International Cooperation Agency has invested $56 million in Brazilian fintech company Agrolend to support small- and midsize farming operations nationwide, accelerating the approval of loan applications within two days. This initiative aims to bolster Japan’s food security by ensuring stable access to crops like soybeans and corn from Brazil. Agrolend, already assisting over 2700 farmers, leverages technology to streamline financing processes for these vital agricultural activities. The company’s goal is also to list its shares on the New York stock market in the future, signaling long-term growth and international expansion.