# Tarfin Tarim A.S.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tarfin-tarim-a-s

- Industry: Financial Services
- Headquarters: Istanbul, Turkey
- Website: www.tarfin.com
- Total disclosed funding: $6.3M
- Latest round: Series A (Sep 21, 2020)
- Investors on record: 5

## About

Tarfin Tarim A.S. is a financial technology firm that provides innovative agricultural credit solutions for farmers in Turkey, enabling them to purchase essential inputs without immediate cash outlays, thereby improving their financial flexibility.Founded in 2016 in Istanbul, Turkey, Tarfin Tarim A.S. specializes in offering credit solutions for agricultural purchases. The company has participated in 3 funding deals, with the latest being an investment round on December 9, 2021, where they raised USD 8.000 mn from notable investors including Yara Growth Ventures and Syngenta Ventures. The firm's CEO and founder, Mehmet Memecan, has a history of entrepreneurship in the agricultural sector.Tarfin operates as a financial technology company specializing in agricultural credit solutions tailored for farmers in Turkey. The company's core offerings allow clients to purchase agricultural inputs such as seeds, fertilizers, animal feed, and equipment without immediate cash outlays, with the option to pay at harvest. This payment model enables farmers to focus on their production without the burden of upfront costs, effectively addressing cash flow challenges in the agricultural sector. Tarfin services a broad client base of thousands of farmers across 75 cities in Turkey, providing a user-friendly mobile application for comparing prices at over 1,400 authorized sales points. The company's services are designed to facilitate the purchasing process, making it easier for farmers to access essential agricultural products while optimizing their financial management.Tarfin generates revenue through a transaction-based model that involves direct sales of agricultural products to farmers, who can choose between cash payments or deferred payment options linked to their harvests. This business structure positions Tarfin as a B2B provider, connecting farmers directly with authorized sales points for their agricultural needs. Typical transactions may include the purchase of fertilizers, seeds, and animal feed, with specific pricing aligned with current market conditions. By leveraging its mobile application, the company facilitates price comparisons and order placements, enhancing the purchasing experience for farmers. Tarfin’s unique payment terms allow farmers to manage their cash flow effectively, thereby encouraging repeat business and customer loyalty in the agricultural sector.In December 2021, Tarfin Tarim A.S raised USD 8.000 mn in venture funding to strengthen its offerings to farmers in Turkey and facilitate its expansion into Romania. The company is focused on enhancing its product lineup and developing new agricultural financing solutions aimed at improving accessibility for farmers. The recent funding will be critical in supporting these initiatives and ensuring that Tarfin can extend its reach into new markets.

## Funding rounds

- Series A, Sep 21, 2020, $5M — Wamda Capital, Syngenta Ventures, Collective Spark, Quona Capital, Elevator Ventures
- Seed, Oct 5, 2018, $1.3M — Wamda Capital, Collective Spark

## Investors

- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Seed, Series A
- Collective Spark (https://capitalatlas.ai/funds/collective-spark) — Seed, Series A
- Syngenta Ventures (https://capitalatlas.ai/funds/syngenta-ventures) — Series A
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A
- Elevator Ventures (https://capitalatlas.ai/funds/elevator-ventures) — Series A