Banagro

Name

Banagro

Legal name

Banagro S.A.

Website

https://banagro.cl

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Agricultural Financing

SIC

National Commercial Banks (6021)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Agricultural financing
• Factoring services
• Machinery leasing
• Green agricultural lending
• Production contract financing

Headquarters

HQ city

San Francisco De Mostazal

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Agricultural Factoring: Domestic and international factoring operations for agricultural producers and exporters, enabling immediate liquidity from accounts receivable.
2. Production Contract Financing: Financing for agricultural production contracts and wine business closures, tailored to agricultural cash flows.
3. Machinery Financing: Leasing and credit operations with pledge (prenda) for agricultural machinery purchases, adjusted to customer cash flows.
4. Green/Sustainable Financing: Medium and long-term financing for sustainable agricultural projects including orchard reconversion, efficient irrigation, clean energy implementation, and climate protection.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Banagro is a Chilean non-bank financial services company that provides specialized credit and financing solutions tailored to the agricultural sector. The company offers domestic and international factoring, financing for agricultural production contracts, wine business closure financing, agricultural machinery leasing, secured credit (prenda), working capital, and a Green Financing Line for sustainable agricultural projects, with repayment schedules adapted to crop-specific production cycles.

Product overview

Banagro is a financial services company specialized in agricultural financing, operating as a division of Empresas Sutil. The company offers a comprehensive suite of financial products tailored for the Chilean agricultural sector, including domestic and international factoring, production contract financing, wine business closure financing, agricultural machinery leasing, secured credit, working capital, and a Green Financing Line. The products are designed to address the specific cash flow challenges and capital needs of farmers and agri-businesses, with flexible repayment terms aligned to agricultural production cycles.

Differentiator

Problem solved

Functional benefit

Brands

• Línea de Financiamiento Verde: Green Financing Line supporting sustainable agricultural projects with quantifiable impact on water and carbon footprint reduction, including photovoltaic plants, frost control towers, drip irrigation systems, and other efficiency technologies.

Products and services

• Factoring Nacional (Domestic Factoring) Domestic invoice factoring service that allows agricultural producers and exporters to convert accounts receivable into immediate liquidity.
• Factoring Internacional (International Factoring) International factoring service enabling agricultural exporters to advance payment on their foreign invoices, converting international sales into immediate cash flow.
• Financiamiento de Contratos de Producción (Production Contract Financing) Financing solution for agricultural production contracts, providing capital to farmers based on agreed production agreements, with terms aligned to agricultural cash flows.
• Financiamiento de Cierre de Negocios de Vino (Wine Business Closure Financing) Specialized financing supporting wine sector operations and business closure transactions for wine producers.
• Leasing de Maquinaria Agrícola (Agricultural Machinery Leasing) Leasing for agricultural machinery with tax benefits, typically structured with four-year terms, enabling equipment acquisition without large upfront capital expenditure.
• Crédito con Prenda (Secured Credit with Pledge) Secured credit facilities using collateral (prenda/pledge) to underwrite loans for agricultural operations.
• Capital de Trabajo (Working Capital)

Quantifiable outcome

• 71% reduction in carbon emissions since 2021, with goal of carbon neutrality
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Solcor ChilecoreStrategic or Co-development Partner · 24 August 2021Partnership to finance photovoltaic solar projects for medium and large agricultural operations. Solcor provides technical design and installation while Banagro offers financing. Covers regions from Coquimbo to Biobío. Projects include SEC-certified solar plants under Net Billing law (21.118).
• TecnipakcoreStrategic or Co-development PartnerPartner for frost control tower financing solutions. Enables farmers to protect orchards (cherry varieties like Lapins and Santina) against frost damage through financed tower installations.
• AgroriegominorStrategic or Co-development PartnerAgricultural irrigation partner listed in Banagro's partner ecosystem.
• FrostBossminorStrategic or Co-development PartnerFrost protection technology partner in Banagro's partner ecosystem.
• ZimexminorChannel Partner/ Reseller/ DistributorAgricultural partner listed in Banagro's partner ecosystem.
• Pontificia Universidad Católica de ValparaísocoreStrategic or Co-development PartnerAcademic partnership for carbon footprint measurement since 2021. Joint work on GHG inventory development following NCh-ISO 14064/1:2019 standards and WRI/WBCSD GHG Protocol guidelines. Supports Banagro's carbon neutrality goal.
• SOREPAminorStrategic or Co-development PartnerWaste management partner supporting Banagro's Zero Waste certification process through recycling and processing of paper, promoting circular economy.

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Root Capital: Impact-focused agricultural lender providing credit to small and growing rural enterprises in Latin America and Africa. Comparable in mission (capital access for underserved agricultural SMEs) and in serving smallholder and agricultural value-chain borrowers.
• Banrural: Guatemalan/Mexican commercial bank specializing in rural and agricultural lending to small producers. Directly comparable niche: banking products customized for agricultural cycles and smallholder borrowers in Latin America.
• Agrobanco: Peru's state-owned agricultural development bank providing specialized credit to small and medium agricultural producers. Closest functional analog to Banagro: niche agricultural lender serving a single Latin American country's SME farming segment with tailored products.
• FIRA (Fideicomisos Instituidos en Relación con la Agricultura): Mexican agricultural development bank offering credit, guarantees, and technical support to agribusiness SMEs. Directly comparable as a specialized agricultural lender with development-finance backing and a focus on adapting financing to producer cash flows.

Emerging players

• responsAbility Investments: Swiss impact asset manager financing agricultural SMEs and rural value chains in emerging markets. Comparable in lending to small agricultural producers with development/ESG orientation, but operates as an investor/fund rather than a direct originator.
• Oikocredit: International cooperative providing credit to financial institutions and producer cooperatives in agriculture and renewable energy across Latin America. Comparable as a development-oriented lender active in the same agricultural finance ecosystem, typically funding intermediaries.

Broad incumbents

• Banco do Brasil: Brazilian commercial bank with one of the largest agricultural loan books in Latin America and dedicated rural/agricultural credit lines. Overlaps with Banagro on agricultural SME lending, but at vastly larger scale and with deposit funding.
• BancoEstado: Chile's state-owned commercial bank with the largest agricultural lending footprint in the country. Comparable as a Chilean bank competing for the same agricultural SME borrower base, but with a much broader product portfolio and deposit-funded balance sheet.
• Rabobank: Dutch global leader in agricultural and food-sector banking. Comparable as a specialist in agricultural finance, though operating at vastly greater scale and with international scope rather than a single-country niche.
• Bancóldex: Colombian development bank promoting SME and export-sector financing. Comparable in development-finance mandate and SME focus, including agricultural value-chain borrowers, though serving Colombia rather than Chile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Banagrochile
• LinkedInlinkedin.com/company/banagro
• Instagraminstagram.com/banagrochile

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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 Banagro