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Brazil’s Essent Agro fintech raises R$700,000 in 7 hours

RIO DE JANEIRO, BRAZIL - Last Monday, June 21, fintech Essent Agro raised R$700,000 (US$140,000) in just seven hours, a record on the CapTable platform, in which the investment round took place.

According to the startup, developer of a platform that helps rural producers better manage their documents and taxes, 258 investors bought shares for amounts starting at R$800, and thus became part owners of the company.

Of the total amount raised, 34% will be invested in sales and marketing initiatives aimed at attracting new customers, and 32% will be used to increase the sales team . . .

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