Tarfin raises $8M pre-Series B bridge round
Tarfin, a digital agriculture platform that offers quick and flexible financing options to farmers through a Point of Sale (POS) network, provides farmers with easy access to agri-inputs through more than 800 partner agri-dealer locations in over 70 cities. To date, the company has supplied and financed more than 80 million USD of agricultural inputs to 32,000 farmers.
“This investment is important proof that scale-driven value can be built through the use of technology in small-scale agriculture” said Tarfin founder and CEO Mehmet Memecan. “It will be an important driving force between reaching more farmers in Turkey and in our overseas expansion starting in Romania.”
Mehmet Memecan, Founder & CEO
The round welcomed Yara Growth Ventures, the venture capital arm of Norway-based Yara, one of the world’s largest fertilizer manufacturers, and saw participation from existing investors. The funding will be used to strengthen Tarfin’s offerings to farmers in Turkey and fund expansion into Romania.
— As Collective Spark, we are proud and happy to continuously support Tarfin, our first portfolio company from 2018. We backed Tarfin again with the largest ticket in an $8 million round before Series B to help them reach more farmers and expand abroad starting with Romania.