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Produce Pay

Company Rating 2.5 of 5
Los Angeles, CA
Company profile views: 25
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Size: 1 to 50
Type: Company - Private
Revenue: Less than $1 million (USD) per year
Founded: 2014
Industry: Farm Support Services
Competitors: Unknown

Ship today, get paid tomorrow! At ProducePay, we provide fresh-produce growers, distributors, shippers and marketers with new ways to access cash flow and increase sales. We allow immediate payment of up to 80 percent of the value of a seller's shipment and we match buyers and sellers of fresh produce anywhere in the world via our online MarketPlace. ProducePay is a Los Angeles-based company, founded by 4th generation farmer Pablo Borquez Schwarzbeck. It has financed more than $80M of produce, bringing buyers and sellers of fresh produce unprecedented access to liquidity. Mission: ProducePay helps farmers feed the world! With global population estimates expected to reach 10 billion by 2050, the world is facing increasing pressure to answer food demand. The lack of proper access to financing is one of the premiere inhibitors of farm growth, yet it?s one of the least addressed. ProducePay is confronting this challenge by creating the first ever means of securitizing fresh perishable produce as a financial asset through the use of technology.

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