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Tarfin & Symbiotics Investments to finance small and medium-sized farmers
Tarfin & Symbiotics Investments to finance small and medium-sized farmers
Dec 7, 2023
Dec 7, 2023
Dec 7, 2023
Dec 7, 2023
Tarfin, the regional agri-fintech specialized in providing advanced financing solutions for the agricultural sector through its digital platform, takes a new step in its strategy to support small and medium-sized farmers in Romania. The company announces a new partnership with Symbiotics Investments, the Swiss-based leading access platform for impact investing dedicated to private markets in emerging and frontier economies.
Through this loan, Tarfin continues its mission to support the development of SMEs in the agricultural sector through easy access to microfinance for small and medium-sized farmers. This initiative addresses a challenging reality where access to traditional forms of finance for this category of farmers is limited or even nonexistent. In this context, Tarfin is increasing its lending capacity to support more than 200 farmers, providing the means to scale up their businesses.
"By collaborating with Symbiotics Investments, we continue our commitment to supporting small and medium-sized farmers in Romania. This partnership marks a significant step towards diversifying the company's sources of financing. It is not just a financial instrument but a means of encouraging innovation, contributing to the growth of national production, improving the quality of life in rural areas, and developing local economies. We are confident that this partnership will positively impact local farming communities, supporting their sustainable development. Equally, we are grateful for the opportunity to collaborate with Symbiotics Investments in this initiative, remaining motivated to create impactful solutions together', stated Adina China Birta, General Manager of Tarfin Romania.
Symbiotics Investments is an established company with several partnerships with major players in the local business environment. Its collaboration with Tarfin is a natural step to support innovative areas, becoming a symbol of commitment to Romanian farmers. Building on its track record of collaboration with local entities, Symbiotics Investments showcases proven expertise in tailoring financial solutions to meet the specific demands of the Romanian agricultural market, thereby creating substantial value across the entire agri-food chain.
The loan is granted for two years as a guarantee for the development of the agricultural sector, enabling farmers to access essential financial resources to purchase agricultural inputs in a more stable framework.
“We are glad to have concluded this partnership with Tarfin Romania and to support reducing the financial gap in one of the largest, yet significantly underserved agricultural sectors in Europe. We firmly believe that Tarfin Romania’s tech-driven approach facilitates access to agri-inputs, which ultimately helps farmers to improve yields and reduce costs.”, stated Vincent Lehner, Head of the Markets division at Symbiotics Investments.
Tarfin aims to continue redefining the financial landscape for small and medium-sized farmers in Romania. In addition to recent partnerships that diversify the financing sources, the company plans to expand its digital services through the Tarfin Mobile app. This innovative app will automate and digitize farmers' access to financial solutions and specialized counseling, offering the tools for efficient business management. Also, the app will facilitate access to competitive offers from nearby input, fuel, and farm equipment retailers. Thus, the Tarfin team remains determined to continuously create new opportunities for farmers and become a key partner in developing this vital sector for Romania's economy.
About Tarfin
Tarfin is a company founded in 2017 in Turkey by Mehmet Memecan. With the support of Quona Capital, Syngenta Group Ventures, Yara Growth Ventures, Collective Spark Fund, Wamda, and Elevator Ventures - the international shareholders of Raiffeisen Bank, the agri-fintech company has expanded its operations starting from 2022 to the Romanian market. Tarfin aims to facilitate farmers' access to financing quickly and conveniently with the help of technology and a broad network of distributors.
Tarfin received technical assistance in financial reporting and independent auditing under the "Pre-Investment Preparation Program" of the European Bank for Reconstruction and Development (EBRD) in 2019. In 2020, Tarfin was entitled to technical support assistance offered to micro-finance companies under the Employment and Social Innovation Program (EaSI) of the European Commission.
About Symbiotics Investments
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management, and capacity-building services. Since 2005, Symbiotics Investments has originated over 7,700 investments representing over USD 9.6 billion for 580 companies in 95 countries.
Through this loan, Tarfin continues its mission to support the development of SMEs in the agricultural sector through easy access to microfinance for small and medium-sized farmers. This initiative addresses a challenging reality where access to traditional forms of finance for this category of farmers is limited or even nonexistent. In this context, Tarfin is increasing its lending capacity to support more than 200 farmers, providing the means to scale up their businesses.
"By collaborating with Symbiotics Investments, we continue our commitment to supporting small and medium-sized farmers in Romania. This partnership marks a significant step towards diversifying the company's sources of financing. It is not just a financial instrument but a means of encouraging innovation, contributing to the growth of national production, improving the quality of life in rural areas, and developing local economies. We are confident that this partnership will positively impact local farming communities, supporting their sustainable development. Equally, we are grateful for the opportunity to collaborate with Symbiotics Investments in this initiative, remaining motivated to create impactful solutions together', stated Adina China Birta, General Manager of Tarfin Romania.
Symbiotics Investments is an established company with several partnerships with major players in the local business environment. Its collaboration with Tarfin is a natural step to support innovative areas, becoming a symbol of commitment to Romanian farmers. Building on its track record of collaboration with local entities, Symbiotics Investments showcases proven expertise in tailoring financial solutions to meet the specific demands of the Romanian agricultural market, thereby creating substantial value across the entire agri-food chain.
The loan is granted for two years as a guarantee for the development of the agricultural sector, enabling farmers to access essential financial resources to purchase agricultural inputs in a more stable framework.
“We are glad to have concluded this partnership with Tarfin Romania and to support reducing the financial gap in one of the largest, yet significantly underserved agricultural sectors in Europe. We firmly believe that Tarfin Romania’s tech-driven approach facilitates access to agri-inputs, which ultimately helps farmers to improve yields and reduce costs.”, stated Vincent Lehner, Head of the Markets division at Symbiotics Investments.
Tarfin aims to continue redefining the financial landscape for small and medium-sized farmers in Romania. In addition to recent partnerships that diversify the financing sources, the company plans to expand its digital services through the Tarfin Mobile app. This innovative app will automate and digitize farmers' access to financial solutions and specialized counseling, offering the tools for efficient business management. Also, the app will facilitate access to competitive offers from nearby input, fuel, and farm equipment retailers. Thus, the Tarfin team remains determined to continuously create new opportunities for farmers and become a key partner in developing this vital sector for Romania's economy.
About Tarfin
Tarfin is a company founded in 2017 in Turkey by Mehmet Memecan. With the support of Quona Capital, Syngenta Group Ventures, Yara Growth Ventures, Collective Spark Fund, Wamda, and Elevator Ventures - the international shareholders of Raiffeisen Bank, the agri-fintech company has expanded its operations starting from 2022 to the Romanian market. Tarfin aims to facilitate farmers' access to financing quickly and conveniently with the help of technology and a broad network of distributors.
Tarfin received technical assistance in financial reporting and independent auditing under the "Pre-Investment Preparation Program" of the European Bank for Reconstruction and Development (EBRD) in 2019. In 2020, Tarfin was entitled to technical support assistance offered to micro-finance companies under the Employment and Social Innovation Program (EaSI) of the European Commission.
About Symbiotics Investments
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management, and capacity-building services. Since 2005, Symbiotics Investments has originated over 7,700 investments representing over USD 9.6 billion for 580 companies in 95 countries.
Through this loan, Tarfin continues its mission to support the development of SMEs in the agricultural sector through easy access to microfinance for small and medium-sized farmers. This initiative addresses a challenging reality where access to traditional forms of finance for this category of farmers is limited or even nonexistent. In this context, Tarfin is increasing its lending capacity to support more than 200 farmers, providing the means to scale up their businesses.
"By collaborating with Symbiotics Investments, we continue our commitment to supporting small and medium-sized farmers in Romania. This partnership marks a significant step towards diversifying the company's sources of financing. It is not just a financial instrument but a means of encouraging innovation, contributing to the growth of national production, improving the quality of life in rural areas, and developing local economies. We are confident that this partnership will positively impact local farming communities, supporting their sustainable development. Equally, we are grateful for the opportunity to collaborate with Symbiotics Investments in this initiative, remaining motivated to create impactful solutions together', stated Adina China Birta, General Manager of Tarfin Romania.
Symbiotics Investments is an established company with several partnerships with major players in the local business environment. Its collaboration with Tarfin is a natural step to support innovative areas, becoming a symbol of commitment to Romanian farmers. Building on its track record of collaboration with local entities, Symbiotics Investments showcases proven expertise in tailoring financial solutions to meet the specific demands of the Romanian agricultural market, thereby creating substantial value across the entire agri-food chain.
The loan is granted for two years as a guarantee for the development of the agricultural sector, enabling farmers to access essential financial resources to purchase agricultural inputs in a more stable framework.
“We are glad to have concluded this partnership with Tarfin Romania and to support reducing the financial gap in one of the largest, yet significantly underserved agricultural sectors in Europe. We firmly believe that Tarfin Romania’s tech-driven approach facilitates access to agri-inputs, which ultimately helps farmers to improve yields and reduce costs.”, stated Vincent Lehner, Head of the Markets division at Symbiotics Investments.
Tarfin aims to continue redefining the financial landscape for small and medium-sized farmers in Romania. In addition to recent partnerships that diversify the financing sources, the company plans to expand its digital services through the Tarfin Mobile app. This innovative app will automate and digitize farmers' access to financial solutions and specialized counseling, offering the tools for efficient business management. Also, the app will facilitate access to competitive offers from nearby input, fuel, and farm equipment retailers. Thus, the Tarfin team remains determined to continuously create new opportunities for farmers and become a key partner in developing this vital sector for Romania's economy.
About Tarfin
Tarfin is a company founded in 2017 in Turkey by Mehmet Memecan. With the support of Quona Capital, Syngenta Group Ventures, Yara Growth Ventures, Collective Spark Fund, Wamda, and Elevator Ventures - the international shareholders of Raiffeisen Bank, the agri-fintech company has expanded its operations starting from 2022 to the Romanian market. Tarfin aims to facilitate farmers' access to financing quickly and conveniently with the help of technology and a broad network of distributors.
Tarfin received technical assistance in financial reporting and independent auditing under the "Pre-Investment Preparation Program" of the European Bank for Reconstruction and Development (EBRD) in 2019. In 2020, Tarfin was entitled to technical support assistance offered to micro-finance companies under the Employment and Social Innovation Program (EaSI) of the European Commission.
About Symbiotics Investments
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management, and capacity-building services. Since 2005, Symbiotics Investments has originated over 7,700 investments representing over USD 9.6 billion for 580 companies in 95 countries.
Through this loan, Tarfin continues its mission to support the development of SMEs in the agricultural sector through easy access to microfinance for small and medium-sized farmers. This initiative addresses a challenging reality where access to traditional forms of finance for this category of farmers is limited or even nonexistent. In this context, Tarfin is increasing its lending capacity to support more than 200 farmers, providing the means to scale up their businesses.
"By collaborating with Symbiotics Investments, we continue our commitment to supporting small and medium-sized farmers in Romania. This partnership marks a significant step towards diversifying the company's sources of financing. It is not just a financial instrument but a means of encouraging innovation, contributing to the growth of national production, improving the quality of life in rural areas, and developing local economies. We are confident that this partnership will positively impact local farming communities, supporting their sustainable development. Equally, we are grateful for the opportunity to collaborate with Symbiotics Investments in this initiative, remaining motivated to create impactful solutions together', stated Adina China Birta, General Manager of Tarfin Romania.
Symbiotics Investments is an established company with several partnerships with major players in the local business environment. Its collaboration with Tarfin is a natural step to support innovative areas, becoming a symbol of commitment to Romanian farmers. Building on its track record of collaboration with local entities, Symbiotics Investments showcases proven expertise in tailoring financial solutions to meet the specific demands of the Romanian agricultural market, thereby creating substantial value across the entire agri-food chain.
The loan is granted for two years as a guarantee for the development of the agricultural sector, enabling farmers to access essential financial resources to purchase agricultural inputs in a more stable framework.
“We are glad to have concluded this partnership with Tarfin Romania and to support reducing the financial gap in one of the largest, yet significantly underserved agricultural sectors in Europe. We firmly believe that Tarfin Romania’s tech-driven approach facilitates access to agri-inputs, which ultimately helps farmers to improve yields and reduce costs.”, stated Vincent Lehner, Head of the Markets division at Symbiotics Investments.
Tarfin aims to continue redefining the financial landscape for small and medium-sized farmers in Romania. In addition to recent partnerships that diversify the financing sources, the company plans to expand its digital services through the Tarfin Mobile app. This innovative app will automate and digitize farmers' access to financial solutions and specialized counseling, offering the tools for efficient business management. Also, the app will facilitate access to competitive offers from nearby input, fuel, and farm equipment retailers. Thus, the Tarfin team remains determined to continuously create new opportunities for farmers and become a key partner in developing this vital sector for Romania's economy.
About Tarfin
Tarfin is a company founded in 2017 in Turkey by Mehmet Memecan. With the support of Quona Capital, Syngenta Group Ventures, Yara Growth Ventures, Collective Spark Fund, Wamda, and Elevator Ventures - the international shareholders of Raiffeisen Bank, the agri-fintech company has expanded its operations starting from 2022 to the Romanian market. Tarfin aims to facilitate farmers' access to financing quickly and conveniently with the help of technology and a broad network of distributors.
Tarfin received technical assistance in financial reporting and independent auditing under the "Pre-Investment Preparation Program" of the European Bank for Reconstruction and Development (EBRD) in 2019. In 2020, Tarfin was entitled to technical support assistance offered to micro-finance companies under the Employment and Social Innovation Program (EaSI) of the European Commission.
About Symbiotics Investments
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management, and capacity-building services. Since 2005, Symbiotics Investments has originated over 7,700 investments representing over USD 9.6 billion for 580 companies in 95 countries.
