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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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
People of ProducePay
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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.
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.
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CF Private Equity is focused on private investment solutions for sophisticated investors.
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Venture capital fund investing in tech companies
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Tech focused growth stage VC firm investing in Europe & North America
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Investor details for ProducePay
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by ProducePay
Investment portfolio details for ProducePay
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Financial Statements - ProducePay
Detailed financials for ProducePay
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Producepay Comparisons
Peer comparison for ProducePay
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of farmers networking platform
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An online P2P platform for agricultural lending is operated.
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Farmers are connected to farm loans via an online marketplace.
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P2P lending for agricultural projects is facilitated.
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Fintech and Agri-Fintech solutions are provided to rural communities globally.
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Detailed competitors of ProducePay
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- Domains and locations
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Latest news on Producepay
Complete news archive for ProducePay
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Frequently Asked Questions about ProducePay
ProducePay was founded in 2014 and raised its 1st funding round 2 years after it was founded.
ProducePay is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
ProducePay is a funded company, having raised a total of $104.5M across 8 funding rounds to date.
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.
ProducePay's top competitors include FBN, FarmRaise and Tingo Group.
ProducePay offers Predictable Commerce Programs, Pre-Season Financing, Quick-Pay Funding, and Trading Programs.
ProducePay has 22 investors. Key investors include International Finance Corporation, Social Leverage, FJ Labs, Anterra Capital, and Avenue Capital Group.