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New Collaboration Delivers Fintech Solutions To Ag Retailers
Growers Edge and AgVend integration gives retailers the tools to deliver white-labeled financing solutions to farmer customers through a unified digital platform.
Johnston, Iowa – November 10, 2022 – Growers Edge, a provider of data-driven financial technology (fintech) solutions for the agricultural industry, and AgVend, the leading digital enablement solution provider, announced today their strategic partnership to simplify input-financing solutions for ag retailers. Shared retail partners can now provide a seamless and all-digital input-financing experience that improves visibility and management for their farmers.
“Our strategic partnership with AgVend draws together two like-minded companies interested in creating efficiencies and easier access to data-driven solutions,” said Dan Cosgrove, Chief Executive Officer at Growers Edge. “We will be able to better serve our mutual retailer partners and their farmer customers with solutions that build a more resilient future for agriculture and our world through this collaboration.”
The Growers Edge-AgVend integration is another example of both companies’ efforts to transform the agricultural industry by bringing better customer experiences to market; in this case creating fast, efficient and secure digital financing experiences for both retailers and growers.
“We continue to expand our integration ecosystem because of the meaningful value it delivers to our Partner Retailers,” said Alexander Reichert, AgVend CEO & Co-Founder. “Relationships like this one with Growers Edge reaffirm our commitment to providing our Partner Retailers with the choice of systems they work with so they can maximize the effectiveness of their teams and their AgVend-built digital enablement solutions.”
Growers Edge’s suite of fintech solutions includes:
- Growers Edge’s Digital Application and Loan Management Platform make it uncomplicated for farmers to apply for, manage and pay off their loans, helping them more easily access credit to maintain or expand their operations.
- Growers Edge’s Underwriting Scorecard uses a proprietary blend of traditional lending analysis factors combined with credit and relevant risk factors and specialized short-term financing that provides a near-instant and accurate assessment of a grower’s financial strength so retailers can be confident in the customer’s ability for repayment.
- Growers Edge Digital Payments simplify the loan management process for farmers by allowing them to make payments and check their loan maturation date from a phone, tablet or computer 24/7, helping process payments more efficiently and quickly.
- Growers Edge Portfolio Management System helps ag retailers efficiently manage their loan portfolio in real-time while keeping customer loan information safe and accessible.
Growers Edge partners with input manufacturers and ag retailers across the U.S. to deliver grower-relevant solutions to meet the ag industry’s rapidly changing needs. Since 2016, the company has used data and technology to build innovative warranty-backed crop plans and input financing solutions that improve retailers’ sales and reduce risk for farmers. Additional integrations with other Growers Edge production will be completed as the AgVend partnership matures.
Source: Growers Edge
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