TechCoop Investment & Technology PTE. LTD.
Status: Investment in contracting phaseWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our prospective customer?
TechCoop Investment & Technology Pte. Ltd. (“TechCoop” or “the Company”) is a technology-enabled agricultural B2B platform in Vietnam that aims to digitize transactions, bridge the working capital gap, and connect and provide access to the market across the agricultural supply chain. TechCoop provides integrated trade, digital trade credit, and advisory solutions to Vietnam's agricultural small- and medium-sized enterprises (SMEs) and farmer cooperatives across export-driven supply chains.
What is our funding objective?
The investment proceeds will be used to support the Company’s growth, helping fund the scaling of its operations and further software and product development for the cross-border digital platform, enabling the successful export of agricultural SMEs and farmer cooperatives.
Why do we want to fund this investment?
TechCoop’s activities support FMO’s objective to benefit SMEs and smallholder farmers by providing much-needed working capital solutions to scale their operations. The company's digital and advisory solutions aim to increase the quality of farmers' yields through traceability solutions and provide stable revenue generation in a volatile sector through connections to local and international buyers.
What is the Environmental and Social categorization rationale?
The investment is E&S risk categorized as B due to the business model's limited adverse Environmental and Social (E&S) risks. The Company provides trade financing to agricultural SMEs and farmer cooperatives and does not carry out direct activities of primary agriculture, agri-processing, or trading logistics. The main risks are linked to (i) supply chain/sourcing, (ii) screening of clients, and (iii) labor conditions in the company’s workforce. Currently, TechCoop’s operations are in an early stage. An Environmental and Social Management System (ESMS) has been developed. FMO will support strengthening the ESMS and monitoring risk assessments as operations grow.
- Website customer/investment
- https://techcoop.vn/
- Region
- Asia
- Country
- Viet Nam
- Sector
- Agribusiness, Food & Water
- Publication date
- 11/29/2024
- Deadline for feedback
- 12/14/2024
- Total FMO financing
- USD 5.75 MLN
- Funding
- Venture Capital 002
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B