Brazilian publication Capital Reset featured 2020 Lab proponent Conexsus in a recent article:
“Conexsus will receive BRL 7 million [USD 1.35 million] from a new issuance of BRL 17 million [USD 3.27 million] in Agricultural Receivables Certificates (CRA). The CRA has a three-year maturity and will provide working capital for 22 community businesses and four small and medium-sized impact enterprises in the North and Northeast regions of Brazil. This funding model uses ‘blended finance,’ where philanthropic capital from Fundo Vale and the Good Energies Foundation reduces the operation’s risk and ensures attractive value for the borrowers. Belterra, a startup developing agroforestry systems, will receive R$ 10 million. With this funding, the CRA aims to promote sustainable practices in the agriculture sector while mobilizing capital-seeking returns.”
