Nagro

What Nagro does

Nagro is a Brazilian agfintech that operates as a regulated Sociedade de Crédito Direto (SCD) under Banco Central do Brasil (BACEN) Resolution CMN 4.656/2018, providing 100% digital working-capital credit to small and medium rural producers. Founded in 2017 in Uberlândia, Minas Gerais, the company lends up to R$150,000 without real guarantee (no land, machinery, or livestock collateral), with credit decisions delivered within 24 business hours and funds disbursed via PIX. Its capital base is funded by own resources and Fiagros (Agricultural Investment Funds), avoiding public deposits while operating under the same supervisory regime as multiple-service banks, including TLS 1.3, KYC, AML, and independent annual audit.

The underlying technology is an AI-powered credit decisioning platform that combines public registries (SCR, CAR, INCRA, NIRF, CPRs), credit bureau data, and satellite imagery into multimodal risk models trained on 9 harvest cycles and more than 3 million credit analyses. This same infrastructure is productized as AgRisk, a B2B credit intelligence and monitoring platform serving over 1,400 corporate clients including Banco Cargill. Nagro distributes through mobile apps (iOS/Android with 100,000+ installs), a web origination portal, and WhatsApp-based specialist support, reaching producers across all 27 Brazilian states without physical branches.

Revenue is generated through interest income on originated credit, subscription fees for the AgRisk platform, and ancillary financial education and advisory services delivered through the app. As of 2025 the company reported 50% revenue growth and its first positive EBITDA, with R$115 million disbursed in 2024 and a projected R$200 million in 2025. Nagro is backed by Rabo Partnerships (Rabobank's investment arm) and Itaú Ventures (which participated in both Series A and Series B rounds), having raised approximately R$97 million cumulatively since founding.

Name

Nagro

Legal name

NAGRO TECNOLOGIA FINANCEIRA S.A.

Website

https://nagro.com.br

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Nagro is a Brazilian BACEN-regulated agfintech (SCD) that originates collateral-free digital working-capital credit of up to R$150,000 to small and medium rural producers across all 27 Brazilian states, using AI-driven credit scoring that also powers the AgRisk B2B analytics platform serving 1,400+ corporate clients.

Ownership category

akta.pro rank

Product category

Agricultural Lending

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL)

akta.pro secondary industry

Lending & Credit Disbursements (FSAMAKAH)

Keywords

• Agricultural credit
• Agribusiness lending
• Rural financing
• Credit risk analytics
• Farm credit platform

Headquarters

HQ city

Uberlândia

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Credit Origination and Interest Income: Nagro operates as a Sociedade de Crédito Direto (SCD), providing credit to rural producers and earning interest income on loans originated. Capital comes from own resources and institutional investors (Fiagros - Agricultural Investment Funds). The company grants credit up to R$150,000 without real guarantee, charging interest rates that vary by borrower profile.
2. AgRisk Platform Services: Credit intelligence platform providing risk analysis and monitoring services to over 1,400 corporate clients including financial institutions. This B2B revenue stream serves banks, cooperatives and other fintechs with credit analysis infrastructure.
3. Digital Education and Financial Advisory: Educational content and financial guidance services delivered through the app, helping producers understand credit costs, cash flow management, and seasonal planning. Content on credit cost-effectiveness analysis, harvest planning and market reading.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Nagro originates 100% digital working-capital credit lines of up to R$150,000 to small and medium Brazilian rural producers without requiring real collateral, approved within 24 business hours and disbursed via PIX. Through its AgRisk platform, the company also delivers credit intelligence, borrower monitoring, and risk analytics as a B2B subscription service to over 1,400 corporate clients including banks, cooperatives, and fintechs such as Banco Cargill.

Differentiator

Problem solved

Functional benefit

Brands

• AgRisk: Credit intelligence platform combining credit analysis and risk monitoring using data intelligence, serving over 1,400 corporate clients including Banco Cargill.

Products and services

• Capital de Giro - Working Capital Credit Line Digital working-capital credit line of up to R$150,000 granted without requiring real collateral (land, machinery, or livestock), approved within 24 business hours and disbursed via PIX to the producer's account. Capital is unrestricted in use, suitable for agricultural and livestock inputs, equipment, infrastructure, and seasonal operations, and is priced based on individual credit profile.
• AgRisk Credit Intelligence Platform B2B subscription platform providing credit analysis, borrower monitoring, and risk intelligence for agricultural lending portfolios. Combines public and private data with satellite imagery to support credit decisions and ongoing risk monitoring, serving over 1,400 corporate clients including Banco Cargill, banks, agricultural cooperatives, and other fintechs.
• Digital Financial Education Program Educational content and advisory service delivered through the Nagro mobile app, covering cash-flow management, effective credit cost analysis, harvest-cycle planning, and market reading for rural producers. Developed by agro specialists and aimed at helping producers make informed financial decisions.
• Credit Profile Diagnostic (Análise de Perfil) Profile diagnostic service delivered through the Nagro mobile app that shows rural producers how banks, cooperatives, and fintechs evaluate their credit profile (CPF/CNPJ), what criteria are used, and provides a personalized roadmap to strengthen their position and negotiate better credit terms.

Quantifiable outcome

• Credit approval in 24 hours vs. weeks at traditional banks
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature3 records

Partnerships

Three partnerships are on record, tiered minor.

• VisaminorStrategic or Co-development PartnerVisa is shown as an investor and partner, likely providing payment infrastructure and potentially co-developing payment solutions for agricultural credit disbursements.
• EndeavorminorStrategic or Co-development PartnerEndeavor is a global organization supporting high-impact entrepreneurs. Nagro's partnership with Endeavor provides mentorship, networking and scale-up support for high-growth startups.
• Google for Startups LaunchpadminorStrategic or Co-development PartnerGoogle for Startups Launchpad provides technical support, cloud credits, and mentorship to Nagro for technology development and scaling its digital infrastructure.

Scale indicators12 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Rabobank: Global leader in food and agriculture financing, also the lead investor in Nagro's Series B. Represents the global incumbent standard Nagro competes against at the high end of the ag credit market.
• Itaú Unibanco: Brazil's largest private bank and Nagro's Series B investor. Has its own agribusiness credit operations and could leverage its stake in Nagro either as partner or competitive threat.
• Sicredi: Brazilian cooperative financial system with deep penetration in rural Brazil through agricultural cooperatives. Competes directly with Nagro for small/medium producer relationships via member-based lending.
• Banco do Brasil: Brazil's largest agricultural lender with dominant share of Plano Safra/Pronaf subsidized rural credit. Represents the scaled incumbent Nagro's digital model must differentiate against.

Direct peers

• Agrolend: Brazilian agfintech specializing in digital credit for small and medium rural producers with collateral-light products. Directly competes with Nagro for the same underserved rural borrower segment across Brazil.
• TerraMagna: Brazilian agfintech providing credit and agricultural insurance to small and medium farmers using proprietary satellite-based credit scoring. Closest comparable to Nagro with overlapping customer segment, technology stack, and SCD-style lending model.
• Traive: Brazilian/US agfintech offering credit risk analytics and marketplace infrastructure connecting agricultural borrowers with lenders. Closely mirrors Nagro's AgRisk B2B credit intelligence capability.

Emerging players

• Avenews: Brazilian livestock-focused fintech offering credit and digital solutions to cattle ranchers. Adjacent to Nagro in ag credit but focused specifically on the livestock value chain.
• Creditas: Brazilian digital secured lender serving consumers and SMEs. Comparable as a Brazilian fintech lender, but with different collateral model (home/auto) and broader credit verticals than Nagro's pure-agriculture focus.

Others

• Banco Cargill: Cargill's Brazilian banking arm and existing Nagro customer (uses AgRisk platform). Adjacent rather than competitive — provides potential partnership/co-distribution rather than head-to-head lending competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nagro_agcredit

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds7 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nagro