ProducePay nabs $190M debt financing for marketplace program for farmers
ProducePay offers farmers cash advances throughout the growing season to give farmers more predictability.
Los Angeles-based ProducePay inked a $190 million debt facility from CoVenture, UK, and TCM Capital, London, to expand its purchasing model and marketplace for farmers.
ProducePay offers farmers cash advances throughout the growing season to give farmers more predictability. It buys produce ahead of delivery and sets itself up as a middle-man between distributors, growers and grocers.