About ProducePay
ProducePay is a company based in Los Angeles (United States) founded in 2014 by Benjamin Dusastre.. ProducePay has raised $104.5 million across 8 funding rounds from investors including International Finance Corporation, Social Leverage and FJ Labs. ProducePay offers products and services including Predictable Commerce Programs, Pre-Season Financing, Quick-Pay Funding, and Trading Programs. ProducePay operates in a competitive market with competitors including FBN, Traive, FarmRaise, Steward and Tingo Group, among others.
- Headquarter Los Angeles, United States
- Founders Benjamin Dusastre
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Sectors
AgricultureFinancial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Produce Pay Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$104.5 M (USD)
in 8 rounds
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Latest Funding Round
$38 M (USD), Series D
Feb 05, 2024
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Investors
International Finance Corporation
& 21 more
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Employee Count
Employee Count
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Products & Services of ProducePay
ProducePay offers a comprehensive portfolio of products and services, including Predictable Commerce Programs, Pre-Season Financing, Quick-Pay Funding, and Trading Programs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrates stakeholders to stabilize fresh produce supply chains
Provides working capital for business investment and growth
Offers faster payments to optimize business operations
Facilitates secure trades through a global network of buyers and sellers
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Sales and Marketing
17 people
Leadership Team
7 people
Operations Team
7 people
Finance and Accounting
6 people
Software Development Team
4 people
Human Resources and Administration
3 people
Legal and Compliance
3 people
Trade Team
2 people
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Funding Insights of ProducePay
ProducePay has successfully raised a total of $104.5M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $38 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $38.0M
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First Round
First Round
(29 Jun 2016)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series D - ProducePay | Valuation | Syngenta Group | |
| May, 2021 | Amount | Series C - ProducePay | Valuation | G2VP , IDB Invest | |
| Dec, 2019 | Amount | Debt – Conventional - ProducePay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ProducePay
ProducePay has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include International Finance Corporation, Social Leverage and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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CF Private Equity is focused on private investment solutions for sophisticated investors.
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech companies
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Founded Year | Domain | Location | |
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Tech focused growth stage VC firm investing in Europe & North America
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ProducePay
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ProducePay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Producepay Comparisons
Competitors of ProducePay
ProducePay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FBN, Traive, FarmRaise, Steward and Tingo Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of farmers networking platform
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| domain | founded_year | HQ Location |
An online P2P platform for agricultural lending is operated.
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| domain | founded_year | HQ Location |
Farmers are connected to farm loans via an online marketplace.
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| domain | founded_year | HQ Location |
P2P lending for agricultural projects is facilitated.
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| domain | founded_year | HQ Location |
Fintech and Agri-Fintech solutions are provided to rural communities globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Producepay
Frequently Asked Questions about ProducePay
When was ProducePay founded?
ProducePay was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is ProducePay located?
ProducePay is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is ProducePay a funded company?
ProducePay is a funded company, having raised a total of $104.5M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $190M, raised on Jun 29, 2016.
What does ProducePay do?
ProducePay was founded in 2014 in Los Angeles, United States, and operates within the agricultural finance sector. A platform is maintained to link farmers, wholesalers, and retailers across the produce supply chain. Pre-payments of product value are structured as loans to support transactions. Interactions between farmers and traders are enabled, with online trading features integrated for efficiency in the sector.
Who are the top competitors of ProducePay?
ProducePay's top competitors include FBN, FarmRaise and Tingo Group.
What products or services does ProducePay offer?
ProducePay offers Predictable Commerce Programs, Pre-Season Financing, Quick-Pay Funding, and Trading Programs.
Who are ProducePay's investors?
ProducePay has 22 investors. Key investors include International Finance Corporation, Social Leverage, FJ Labs, Anterra Capital, and Avenue Capital Group.