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.

“The contribution aims to generate efficiency and a positive impact in the credit granting process for agriculture, and in the production activity of our clients in the sector,” said Rodrigo Vasconcelos, Director of Digital Business at Banco do Brasil.

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.

“Our next step would be to expand to other countries, with the goal of consolidating our risk diversification thesis,” said Fabricio Pezente, CEO of Traive.

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.