Turkish agri-fintech Tarfin sells TRY50mn of 310-day bills

By bne IntelIiNews November 15, 2021

Tarfin, a digital platform that provides Turkish farmers with inputs and credits, has sold Turkish lira (TRY) 50mn ($5mn) of 310-day bills, the company said on November 15.

The issue came on top of a first sale held in September.

Pasha Bank Turkey, the local unit of Azerbaijan’s Pasha Bank, and OMG Capital Advisors acted as intermediaries in the issuance.

Tarfin plans to sell another TRY50mn of bills by end-2021.

The company, launched in 2017, has made 11 bill issuances since 2018. It has raised a total of TRY292mn and provided more than 25,000 farmers with more than TRY400mn in credits.

Additionally, Tarfin has obtained loans from Switzerland-based Symbiotics since 2019.

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