Nagro secures US$ 9.5M Series B round led by Rabo Partnerships and Itaú Ventures

Nagro, a Brazilian fintech focused on rural credit, has raised US$ 9.5 million (R$50 million) in the first stage of its Series B round to strengthen its technology, data, and governance capabilities across the agribusiness sector.

Rabo Partnerships leads the Series B round

Nagro announced the raise on January 21, confirming that the round was led by Rabo Partnerships, the investment arm of Rabobank, with participation from Itaú Ventures. According to the company, the capital will be used to expand the use of technology in credit analysis and monitoring within Brazil’s agribusiness sector.

The company stated that the funds will support the development of data-driven and Artificial Intelligence (AI)-based products, the deepening of predictive models, and the strengthening of technological and governance infrastructure. These efforts aim to scale operations while maintaining transparency and control.

Credit market context drives investor interest

The funding round takes place during a period of increased selectivity in rural credit, marked by rising default rates and more complex regulatory requirements. In this context, investors have prioritized structures that combine capital deployment with robust data analysis to manage risk throughout the credit lifecycle.

Nagro noted that Rabo Partnerships and Itaú Ventures evaluated how the company structures credit origination and integrates analytical and monitoring tools tailored to agribusiness.

Nagro operates as a direct credit provider for small and medium-sized rural producers. The group also runs AgRisk, a credit and risk intelligence platform designed for agribusiness companies and financial institutions.

Scale, licensing, and operational structure

Combined, Nagro and AgRisk have processed over 3 million analyses, according to company data, covering more than 1 million CPF and CNPJ records linked to the agribusiness sector. The group currently serves more than 1,400 companies.

Since May 2024, Nagro has been authorized by Brazil’s Central Bank to operate as a Sociedade de Crédito Direto (SCD), allowing it to lend using its own capital.

Leadership perspectives on technology and governance

Gustavo Alves, co-founder of Nagro and executive director of AgRisk, stated that: "Rural credit has undergone significant changes in recent years and now requires stronger integration between data and operational monitoring".

He emphasized that the funding round will accelerate the development of this technological structure.

David Gerbrands, interim executive director at Rabo Partnerships, highlighted that agribusiness credit increasingly demands advanced technology, data usage, and governance, key factors in the firm’s investment decision.