Agree.ag Company Profile

Background

Overview

Agree.ag is a fintech company specializing in providing "Lending as a Service" (LaaS) solutions tailored for the agri-food sector. Established in 2017, the company is headquartered in Martínez, Buenos Aires, Argentina. Agree.ag aims to streamline credit access for agri-food businesses by offering a digital infrastructure that facilitates real-time financing, thereby optimizing operational costs and enhancing trading opportunities. The platform emphasizes traceability and sustainability, aligning with the evolving needs of the agricultural industry.

Mission and Vision

The company's mission is to accelerate the digital transformation of agri-food chains in Latin America by providing intuitive, dynamic, and empowering solutions. Agree.ag envisions a future where agri-food businesses can seamlessly manage their operations, access financing, and engage in trade with enhanced efficiency and transparency.

Industry Significance

In the context of Latin America's agricultural sector, access to timely and affordable credit has been a persistent challenge. Traditional lending processes often lack the flexibility and real-time data necessary for accurate risk assessment in agriculture. Agree.ag addresses these challenges by digitizing the entire lending process, from client onboarding and risk assessment to workflow management, using AI and data analytics to accelerate approvals and reduce risk. This approach not only benefits financial institutions by expanding their reach into the agricultural sector but also provides businesses with the capital they need to grow and operate efficiently.

Key Strategic Focus

Core Objectives

Digital Transformation: Facilitate the digitalization of agri-food businesses to improve operational efficiency and access to capital.

Financial Inclusion: Provide equitable access to financing for agri-food enterprises, particularly small and medium-sized businesses.

Sustainability and Traceability: Ensure that financial transactions and business operations are transparent and sustainable.

Areas of Specialization

Credit Origination and Management: Offer a comprehensive suite for credit origination and management, tailored for financial or commercial lenders under a modular and flexible concept.

Digital Client Onboarding: Utilize optical character recognition (OCR) and AI-powered data extraction to streamline client onboarding processes.

Risk Assessment: Develop customizable risk engines with configurable parameters, decision logic, and data weighting to enhance risk evaluation.

API Integration: Integrate with multiple data sources to provide enhanced risk assessment capabilities.

Workflow Management: Implement secure and traceable workflow management for loan applications, tailored to the lender's requirements.

Data Analytics and Reporting: Provide real-time data analytics and reporting for informed decision-making.

Blockchain Security: Leverage blockchain-based security and encryption to protect data and ensure transaction integrity.

Key Technologies Utilized

Artificial Intelligence (AI): Employed for data extraction, risk assessment, and decision-making processes.

Optical Character Recognition (OCR): Used to digitize and extract information from documents efficiently.

Blockchain: Ensures secure and transparent transactions within the platform.

API Integrations: Facilitates seamless connectivity with various data sources and financial institutions.

Primary Markets Targeted

Agri-Food Businesses: Small and medium-sized enterprises in the agricultural sector seeking efficient financing solutions.

Financial Institutions: Banks and lenders aiming to expand their portfolio in the agri-food sector with a focus on digital transformation.

Financials and Funding

Funding History

As of the latest available information, Agree.ag has raised a total of $2 million in funding. The funding history includes:

Series A Round: Raised $2 million on April 12, 2021.

Seed Round: Amount undisclosed, raised on May 25, 2018.

Notable Investors

Specific details about individual investors are not publicly disclosed.

Utilization of Capital

The capital raised is intended to:

Platform Development: Enhance and expand the technological capabilities of the lending platform.

Market Expansion: Increase the company's presence and operations within the Latin American agri-food sector.

Operational Scaling: Support the scaling of operations to accommodate a growing user base and transaction volume.

Pipeline Development

Key Pipeline Candidates

As a fintech platform, Agree.ag's pipeline development focuses on:

Product Enhancements: Continuous improvement of platform features to meet the evolving needs of agri-food businesses and financial institutions.

Market Penetration: Expanding the user base within the agri-food sector across Latin America.

Partnerships: Establishing collaborations with additional financial institutions to broaden the range of financing options available to users.

Anticipated Milestones

Platform Upgrades: Regular updates to incorporate advanced AI capabilities and improve user experience.

Geographical Expansion: Entering new markets within Latin America to increase the platform's reach.

Strategic Partnerships: Forming alliances with key players in the financial and agricultural sectors to enhance service offerings.

Technological Platform and Innovation

Proprietary Technologies

Digital Client Onboarding System: An AI-driven system that utilizes OCR for efficient data extraction from documents, streamlining the onboarding process.

Customizable Risk Engine: A flexible engine that allows for the configuration of parameters, decision logic, and data weighting to tailor risk assessments.

Blockchain Security Framework: Ensures secure and transparent transactions within the platform, fostering trust among users.

Significant Scientific Methods

AI-Powered Data Analytics: Employs machine learning algorithms to analyze large datasets, providing insights for informed decision-making.

API Integration Techniques: Utilizes robust API integration methods to connect with various data sources and financial institutions seamlessly.

Leadership Team

Key Executives

Gabriel Sanchez Catena: Co-Founder

Brings extensive experience in fintech and digital transformation, contributing to the strategic direction and growth of Agree.ag.

Nicolas Mayer-Wolf: Co-Founder

Specializes in financial services and has played a pivotal role in developing the company's financial products and services.

Rodrigo Oscar Vazquez: Co-Founder

With a background in technology and innovation, he oversees the technical development and implementation of the platform.

Sebastian Miret: Co-Founder

Focuses on business development and partnerships, driving the company's expansion and market presence.

Competitor Profile

Market Insights and Dynamics

The agri-food sector in Latin America is experiencing a digital transformation, with increasing adoption of fintech solutions to address challenges in financing and operational efficiency. The market is characterized by a growing demand for digital platforms that offer secure, transparent, and efficient financial services tailored to the unique needs of the agricultural industry.

Competitor Analysis

While specific competitors are not detailed in the available information, the fintech landscape in Latin America includes various platforms offering digital lending and financial services to the agri-food sector. Agree.ag differentiates itself through its comprehensive LaaS platform, emphasis on traceability and sustainability, and focus on the unique requirements of agri-food businesses.

Strategic Collaborations and Partnerships

Collaborations

Agree.ag has established partnerships with financial institutions to expand its lending capabilities and offer a broader range of financing options to agri-food businesses. These collaborations aim to enhance the platform's reach and effectiveness in addressing the financing needs of the agricultural sector.

Operational Insights

Strategic Considerations

In a competitive landscape, Agree.ag's focus on digital transformation, sustainability, and tailored financial solutions positions it as a key player in the agri-food fintech sector. The company's commitment to innovation and user-centric design provides a distinct competitive advantage, enabling it to meet the evolving needs of agri-food businesses and financial institutions.