Istanbul-based agritech startup Tarfin secures USD 5 million in Series A funding

Istanbul: Tarfin, the Istanbul-based provider of agricultural inputs to farmers with extended payment terms, completed its $5M Series A investment round.

Led by Quona Capital, a venture firm focused on fintech in emerging markets, other backers include Elevator Ventures (the venture capital firm of Raiffeisen Bank), Syngenta Ventures (the venture capital fund of Syngenta Group), and Tarfin’s seed investors Collective Spark Fund and Wamda.

Farmers in many emerging markets experience difficulty accessing agricultural inputs due to working capital constraints. With its proprietary risk scoring models and extensive retail network, Tarfin provides farmers with access to high-quality agricultural inputs with extended payment terms.

Tarfin’s mobile application is a one-stop solution for farmers to compare prices across Tarfin’s many retail locations and complete their purchases with their preferred financing method instantly. Since its founding,

Tarfin has helped over 12,000 farmers conveniently purchase their fertilizers, seeds, chemicals in-season, and pay after harvest.