MICROCAPITAL BRIEF: Fintech TerraMagna Raises $40m in Debt, Equity from Milenio, Shift, SoftBank to Boost Lending Along Agricultural Value Chains in Brazil

TerraMagna, a Brazilian agricultural financial technology (fintech) company, recently raised USD 30 million in debt and USD 10 million in equity funding from Japan’s SoftBank Group, via its SoftBank Latin America Fund, and two Brazilian finance firms, Milenio Capital and Shift Capital. The breakdown of the investments by investor and the sizes of the stakes taken have not been released. In addition to lending to sellers of agricultural inputs and tools,