Press Release – 23/01/2024
HeavyFinance, a leading climate tech investment marketplace, has successfully financed €50 million in agricultural loans across Europe. This significant sum has been allocated across the current markets where HeavyFinance operates, including Bulgaria, Latvia, Lithuania, Poland, and Portugal.
The €50 million has been distributed across almost 1,700 different projects, fostering connections between small and medium farmers and a global investor community consisting of over 10,000 registered investors worldwide including countries such as France, Germany, and Spain.
The achievement marks a major step forward in promoting sustainable practices and comes as HeavyFinance is due to generate its first nature-based carbon credits in the first half of 2024.
Laimonas Noreika, CEO and Co-Founder of HeavyFinance, commented: “This milestone is not just a number; it represents a significant leap towards sustainable agriculture and climate action. When we started in 2020, there was scepticism about the influence of financial innovations to impact the adoption of sustainable practices in agriculture. Now, with this milestone and our imminent launch of nature-based carbon credits, HeavyFinance is demonstrating what can be achieved. We’re not just financing farms; we’re investing in a sustainable future for our planet.”
Last year, the climate tech company launched its Green Loans that provide European farmers with financing for transitioning to regenerative practices at a 0% interest rate. While also giving farmers access to additional revenue from the sale of carbon credits generated from implementing those practices.
HeavyFinance is at the forefront of developing innovative financial solutions tailored to climate action as it remains committed to bridging the financial gap that supports the global effort to achieve net-zero emissions by 2050 and contribute to achieving the UN Sustainable Development Goals.
