TerraMagna
TerraMagna provides intelligent credit solutions for the agricultural sector using advanced technology to offer faster and fairer credit to distributors and producers. Founded in 2017 and located in São José dos Campos, SP, the company monitors crops from planting to harvest and has raised $40 million in funding from SoftBank.
Services
TerraMagna provides intelligent credit solutions specifically tailored for the agricultural sector. The company grants credit to distributors and producers faster than traditional markets, offering fairer rates. Additionally, TerraMagna anticipates the receipt of CPRs, promissory notes, and other agricultural titles for distributors, facilitating better cash flow management. The Risk Management Platform is another key service that helps mitigate risks in credit operations through comprehensive analysis and monitoring. Technical reports are provided to aid in decision-making and monitoring defaults.
Founders
TerraMagna was founded in 2017 by engineers from the Instituto Tecnológico de Aeronáutica (ITA), an institution known for its high-quality engineering education in Brazil. The founders leveraged their technical background to create innovative solutions in the agribusiness credit market. The company is headquartered in São José dos Campos, SP, aligning with Brazil's rich agricultural environment.
Technological Platforms
TerraMagna utilizes exclusive technology for various aspects of its services. The company employs satellite monitoring through a platform called FIDES to oversee crops from planting to harvest. Data is securely stored in Google Cloud data centers, ensuring high levels of protection. Additionally, continuous analysis and monitoring technologies are used to provide security in agricultural financing.
Funding and Partnerships
TerraMagna secured $40 million in funding from SoftBank, a significant milestone indicating strong investor confidence. Furthermore, the company has established partnerships with major agribusiness companies, helping it serve over 0 input distributors effectively. These partnerships, combined with robust funding, allow TerraMagna to maintain and expand its comprehensive suite of credit solutions.
Market Achievements
TerraMagna has granted over 0 billion reais in credit in 2022 and monitors more than 0 thousand CPRs (Rural Product Notes). It manages the largest independent FIAgro (Agricultural Investment Fund) in Brazil, highlighting its significant presence in the agricultural finance market. With a team of over 100 professionals, TerraMagna continues to make substantial contributions to the agricultural sector.