Agro fintech is the only Brazilian selected to present at the largest investment event in the USA.
JBA
Jul 10, 2024
Rivool Finance presented at the SelectUSA Investment Summit in Washington, which connects international investors with new startups.
São Paulo, July 2024 – Rivool Finance, the only Brazilian company selected for the Select USA Investment Summit, presented at the event promoting foreign investment in startups. Launched in 2011 by the U.S. Department of Commerce, the program gathers executives, large corporations, and government entities to hear proposals from global startups. Among 300 companies worldwide at the Washington event, Rivool Finance stood out in the Select USA Tech panel, focusing on technology startups.
Led by Tiago Piassum, Rivool Finance uses web3 and blockchain technology to connect global investors with the Brazilian rural credit market. Fintech collaborates with securitization and origination entities to manage credit assets efficiently. “Being recognized at one of the world's largest technology events is crucial for Rivool. Sharing our vision with potential international investors positions us well in the market,” says Tiago Piassum, CEO of Rivool Finance.
The Investment Summit supports various global companies, fostering innovation. This year's edition took place from June 23 to 26. “Having a Brazilian startup at the event strengthens the relationship between the Summit and the Brazilian agribusiness market, highlighting the country's rural credit,” says Tiago Piassum.
Rivool, founded last year, has a diverse team. Tiago Piassum, former CEO of Marco Investimentos, joined forces with Mauro Leite, former CEO of Vetorial Internet, to create the fintech aimed at breaking barriers in the conventional market. In May, Fernando Fegyveres, former CEO of Voiter Bank, also joined the partnership.
Rivool's strategy is establishing an efficient fundraising channel with international investors to meet rural credit demands. According to the 2023/24 agricultural and livestock plan by the Brazilian Confederation of Agriculture and Livestock (CNA), the past three years have seen a shortage of resources and interruptions in official credit programs, increasing the sector's search for alternative financing sources.
Rivool's process involves converting real asset rights, such as agribusiness titles, into digital tokens. This mechanism allows producers to access funding through a new channel. For example, each issued CPR (Rural Producer Certificate) with grain production guarantees can become an exclusive token on the blockchain, enabling direct and international market trading based on updated demand and prices.
Rivool Finance aims to bridge global institutional investors with the Brazilian agricultural credit market. It is the only proactive Brazilian company bringing external institutional investors to invest in medium-sized agricultural enterprises through private tokenization.