Central Bank grants operating authorization to Agrolend Sociedade de Crédito Direto (SCD)

September 17, 2021
Editor assistente at Valor Econômico
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Valor Econômico
The institution says it was born to revolutionize the agribusiness market for small and medium rural producers in Brazil.

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The Central Bank granted operating authorization to Agrolend Sociedade de Crédito Direto (SCD). The company will be headquartered in São Paulo and have initial capital of R$ 5 million. The controllers are André Glezer, Alan Glezer and Valéria Fontana Bonadio Bittencourt.

Agrolend says it was born to revolutionize the agribusiness market for small and medium rural producers in Brazil, through the concession of sustainable credit, necessary to finance the development of agricultural production and encourage investment in equipment and technology that increase their productivity and profitability. Pipeline, Valor's business website, showed the history of fintech in April.

Direct Credit Societies (SCD) were created by BC in 2018 and can only make loans with equity. At the same time, Loan Companies between Persons (SEP) were also created, which, as the name suggests, are platforms that allow loans between a creditor and a debtor.

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The Central Bank granted operating authorization to Agrolend Sociedade de Crédito Direto (SCD). The company will be headquartered in São Paulo and have initial capital of R$ 5 million. The controllers are André Glezer, Alan Glezer and Valéria Fontana Bonadio Bittencourt.

Agrolend says it was born to revolutionize the agribusiness market for small and medium rural producers in Brazil, through the concession of sustainable credit, necessary to finance the development of agricultural production and encourage investment in equipment and technology that increase their productivity and profitability. Pipeline, Valor's business website, showed the history of fintech in April.

Direct Credit Societies (SCD) were created by BC in 2018 and can only make loans with equity. At the same time, Loan Companies between Persons (SEP) were also created, which, as the name suggests, are platforms that allow loans between a creditor and a debtor.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.
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