Buy now at the best price and pay later – Thousands of farmers have chosen Tarfin to purchase their seeds, fertilizers, feed and equipment and conveniently paid after harvest. The company just received the BNR aproval to promote the business model on the local market.
Tarfin, the Turkish agri fintech launched in Romania in April this year, obtains the NBR authorization.
”Considering the regional context, and the worldwide climate changes that strongly affect the farmers, Tarfin has a key role in financing the agricultural chain. This authorization is a milestone in our business and strengthens our efforts toward supporting the agriculture ecosystem”, declared Adina China-Birta, General Director of Tarfin IFN Romania.
„We are now financing purchases for the next agricultural cycle with a maturity of up to 1 year so that farmers can easily continue their farm operations. This way, distributors can afford long payment terms and cover the needs of small and medium-sized farmers”, concludes Adina China-Birta.
Using proprietary machine learning-based agricultural risk scoring models, farmers have access to all agricultural inputs such as fertilizers, seeds, and feed with competitive prices and the chance to pay at harvest.
Via Tarfin Mobil, farmers are able to compare current prices of fertilizers, feed and other agricultural inputs through vendors closest to them.
Today, Tarfin’s clients can easily reach us via Tarfin Mobil and more than 800 authorized Tarfin retailers operating in more than 70 cities.
„Farmers who want to purchase their agricultural inputs from Tarfin on harvest payment or cash basis, visit our sales points in their region, complete their transactions within 4 minutes, and receive their agricultural inputs instantly,” the company says.
Tarfin’s farmers purchase their agri-inputs with competitive price offers without hidden fees or extra costs. Farmers are able to choose their preferred payment day based on their expected harvest dates.
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Since its founding, Tarfin has helped over 12,000 farmers conveniently purchase their fertilizers, seeds, chemicals in-season and pay after harvest.
Also, Tarfin has financed over 18,000 transactions for fertilizers, seeds, feedstuffs, and chemicals through its 240 partner retail locations.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
