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UAB HEAVYFINANCE
Company typePrivate
IndustryFinancial technologies, climate technologies
Founded2020
Headquarters
Vilnius
,
Lithuania
Number of locations
Lithuania Poland Bulgaria Portugal Latvia
Key people
Laimonas Noreika, Darius Verseckas, Andrius Liukaitis
AUM€46 million (2023)
Number of employees
52
Websitehttps://heavyfinance.com/

HeavyFinance is a Lithuanian environmental technology investment marketplace for the agricultural industry.[1]. The company faciliates investments in debt capital for small and medium-sized agricultural enterprises to switch and expand regenerative agriculture practices such as no-till farming, mixed crop rotation, cover cropping, and the application of compost and manure.

The company is registered as a crowdfunding service provider with the European Securities and Markets Authority (ESMA)[2][3].

History

In 2020, Laimonas Noreika, Darius Verseckas and Andrius Liukaitis co-founded HeavyFinance in Vilnius, Lithuania registering the company's offering[4] with the Central Bank of Lithuania.

In 2021, HeavyFinane raised US$1 million in a round led by a Polish venture capital firm bValue[5] to fill the funding gap for small and medium-sized European farms[6] of €19.8 to €46.6 billion, as identified by the European Comission together with the European Investment Bank[7].

In 2023, HeavyFinance raised €3 million in a seed funding round led by Practica Capital[8][9] and launched green loans to accelerate the adoption of regenerative agriculture[10][11].

HeavyFinance has already provided assistance to more than 1,600[12] farm owners, with an average loan size of €31,000.

Services

Part of a series about
Environmental economics
Carbon price
Climate change
Concepts
Energy transition
Policies

HeavyFinance enables small and medium-sized farms to create agriculture business loans between €10,000 and €200,000. Investors are able to browse the loan listings on HeavyFinance website and select loans that they want to invest in based on balance sheet, income statment and other information supplied about the farm, amount of loan, collateralized debt obligation, loan rating, and loan purpose.

HeavyFinance offers 0% fixed interest green loans for carbon farming[13]. Investors in green loans make money from nature-based carbon credits[14] generated in the farm by appying regenerative agriculture[15][16]

The company also provides both collateralized and uncollateralized agricultural business loans. Investors in agriculture business loans earn interest on these loans.

Locations

As of 2023, the company has offices in Bulgaria, Latvia, Lithuania, Poland, and Portugal.[17][18]

Awards

HeavyFinance was awarded Company of the Year at the Lithuanian FinTech Awards in 2022.[19]

See also

References

  1. ^ "Empowering small-scale food producers with fintech". www.ebrd.com. Retrieved 2023-02-20.
  2. ^ "Register of crowdfunding services providers". www.esma.europa.eu. Retrieved 2023-12-04.
  3. ^ Sharma-Karia, Sonia (2023-07-28). "New pan-EU licence allows HeavyFinance to expand its platform". Alternative Credit Investor. Retrieved 2023-12-04.
  4. ^ "UAB HEAVY FINANCE". www.lb.lt. Retrieved 2023-12-04.
  5. ^ "Planting the seeds for future sustainability, Lithuania's HeavyFinance raises $1 million". Tech.eu. 2021-12-21. Retrieved 2023-12-04.
  6. ^ Cumming, Alice (2023-08-03). "HeavyFinance's climate tech investment success: financing €40m in agricultural loans - Business Leader News". Business Leader. Retrieved 2023-12-04.
  7. ^ "fi-compass Study on financial needs in the agriculture and agri-food sectors in 24 EU Member States". fi-compass. 2023-11-22. Retrieved 2023-12-04.
  8. ^ "Lithuania's Climate Tech HeavyFinance closes €3m seed round". IBS Intelligence. Retrieved 2023-06-20.
  9. ^ Release, Press (2023-03-23). "Climate Tech specialist HeavyFinance closes 3 million Euro seed funding round". Disruption Banking. Retrieved 2023-12-04.
  10. ^ jhaxell (2023-04-19). "HeavyFinance launches Green Loans to enter carbon credit market". FinTech Global. Retrieved 2023-12-04.
  11. ^ "HeavyFinance Launches Green Loans to Generate Carbon Credits in European Agricultural Land - Fintech Finance". ffnews.com. Retrieved 2023-12-04.
  12. ^ "Statistics". HeavyFinance. Retrieved 2023-12-04.
  13. ^ "HeavyFinance launches Green Loans to generate carbon credits in European agricultural land". Finextra Research. 2023-04-19. Retrieved 2023-12-05.
  14. ^ Frances210896 (2023-08-22). "Major investor coalition calls on G20 to revise agricultural subsidies". Food Voices. Retrieved 2023-12-05.{{cite web}}: CS1 maint: numeric names: authors list (link)
  15. ^ jhaxell (2023-08-18). "HeavyFinance generates 250,000 carbon credits to combat European CO2 in 2024". FinTech Global. Retrieved 2023-12-05.
  16. ^ "Vinted co-founder invests €1M in HeavyFinance to boost green agriculture | Silicon Canals". 2023-10-09. Retrieved 2023-12-05.
  17. ^ "HeavyFinance Review – Connecting Farmers with Investors | CrowdSearch". crowdsearch.eu. Retrieved 2023-03-21.
  18. ^ "HeavyFinance to offer agri-finance in Bulgaria to tackle climate change". seenews.com. Retrieved 2023-06-20.
  19. ^ "Lithuanian FinTech Awards 2022". Rockit. 2022-04-21. Retrieved 2023-08-18.

Category:Carbon farming Category:Financial technology companies Category:Online marketplaces of Lithuania

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