HeavyFinance was named Fintech Company of the Year in the Lithuanian Fintech Awards 2022. This is the main award in the local ecosystem, which is recognized as one of the most matured in the area of fintech.
“Through financing solutions that make farms more efficient and sustainable, we have to make agriculture – one of the most polluting sectors – a climate positive sector that safely stores CO2 emissions in the soil,” said Laimonas Noreika, CEO of HeavyFinance. “We are proud to serve European farmers and those, who want to invest in loans for agricultural development. While helping more than 600 farmers grow, our investor community already earned almost 1 million Eur in interest.”
HeavyFinance is a fintech marketplace connecting the global investor community with small and medium farms. Its’ tailored external financing solutions drive farmers shift to more sustainable means of agriculture and increase efficiency with better equipment.
Since its launch in 2020, HeavyFinance has already facilitated more than 600 loans for farmers with an average loan size of almost 40.000 Eur. It corresponds to 20 million euros issued in loans for small and medium farms in less than two years.
With 265 fintech startups operating in the country, Lithuania is the largest Fintech hub in the EU.