Author Archives: Admin

Colombia, 24 April 2023 – DiMuto, a global Agri-FinTech company, strengthens its presence in Latin America with the latest financing of Colombian fresh produce exporter Montana Fruits. The deal will first see DiMuto leverage its AI-powered financing solution to finance Montana Fruits’ exports to Europe, before expanding to its other export markets such as United States and Asia.

DiMuto Financial Services provides data-backed, AI-powered trade financing solutions to AgriFood companies conducting international trade. The solution uses live, transactional data regarding product quality, payment timeliness and status, and disputes all tracked on the DiMuto Platform to accurately assess creditworthiness of applicants.

Montana Fruits is a Colombian packer and exporter of high-quality fresh produce items including avocados, as well as tropical items such as passionfruit and Tahiti limes. As part of its commitment to sustainability, Montana Fruits work with bees in its crop pollination process to support bee populations, and the diversity of food crops. Montana Fruits also supports the well-being of their farmers and provides training and fair market rates for harvests. The company holds a wide range of industry standards and certifications that include Global Good Agricultural Practices (G.A.P), Sedex Members Ethical Trade Audit (SMETA), Rainforest Alliance Certification. The company’s main market is in Europe, with up-and-coming markets including United States and Asia. Montana Fruits processes around 400 containers a year, and exports over US$7 million worth of fresh produce.

“We are grateful to have DiMuto as our financing partner. Their expertise, experience, and commitment to providing financing for the AgriFood trade is invaluable to our business. With their support, we can continue to grow our export operations and reach new markets,” said Mauricio Moranth Zuluaga, General Manager of Montana Fruits and Board Member of Colombia Avocado Board (CAB).

DiMuto Financial Services utilizes a two-tier AI algorithm to determine financing risks for each trade. The company’s proprietary Product Quality AI will be applied on every single carton of fresh produce tracked with DiMuto QR labels to get visibility on overall pre-shipment and post shipment product quality. In addition, DiMuto Trade Health AI will execute financial health scoring based on not just historical financial statements, credit reports, business performance data but also the real-time trade information and documents uploaded on the DiMuto Platform.

This helps financiers to gain deeper visibility on the operational and financial profile of borrowers, as well as allow financing applicants to have more accurate risks assessments and more flexible terms.  DiMuto Financial Services can be a game-changer for AgriFood companies looking to improve cash flow and unlock capital to further support business growth.

The data-driven supply chain visibility created by DiMuto also provides significant sustainability insights via the DiMuto Sustainability Management dashboard. With its ability to track every single carton of products from farm to fork, DiMuto can accurately estimate the carbon footprint of AgriFood companies. Such data regarding sustainability metrics can also be made readily available to financiers, who can now conduct due diligence with data visibility and ensure funds invested fulfill sustainability objectives.

“Data-backed sustainable financing is a key focus in DiMuto’s mission to redefine global trade. We want to make sure that we have on-the-ground visibility of the companies we finance as they put in the good work on their sustainability journey. That is why we are very pleased to announce the financing deal with Montana Fruits,” said Gary Loh, Founder and Chief Executive Officer of DiMuto. “We look forward to supporting the growth of Colombian agricultural exports with our financial services.”

In Colombia, the fresh agricultural export sector continues to perform strongly with exports of Colombian produce expected to grow despite the global economic slowdown. For instance, exports of passionfruit grew 25.8% during the first seven months of 2022 while Colombia’s exports of Hass avocados to Europe grew 41% between 2016 to 2021 and 58% in the US just last year. 

Montana Fruits is also working with DiMuto via the DiMuto Marketplace, a B2B AgriFood marketplace, to tap on the company’s strong network in Asia and grow their export business. The innovate DiMuto Marketplace connects traceable buyers and sellers in the AgriFood industry, providing access to high quality products with supply chain visibility. The marketplace offers a wide range of fresh produce, manufactured foods, and seafood products for potential buyers, enabling quick and efficient sourcing.

DiMuto’s financing deal with Montana fruits follows closely after the announcement of their financing deal with Grupo Paisano, a Mexican grower-exporter of fresh produce items ranging from avocados, berries, mangoes, limes and more. The move is part of the company’s efforts to bolster its presence in Latin America as it works to power global AgriFood trade with data visibility and finance for a more sustainable food system.

DiMuto DACKY device and DID labels implemented on Montana avocados in Montana’s packing facilities.

Singapore, 28 February 2023 – DiMuto, a global Agri-FinTech company, has expanded its AI-powered Financial Services to the US and Mexico through its latest financing deal with Grupo Paisano, a large international grower-exporter of fresh produce items based in Mexico. Financing Grupo Paisano’s fresh exports to the United States, the deal will leverage live trade transactional data tracked on DiMuto’s trade platform and utilize DiMuto’s proprietary trade health and financial AI to effectively mitigate systemic and transaction risks.

Grupo Paisano is a grower-exporter collective that works together with smallholder farmers to build scalable, transparent, integrated supply chains connecting field to export markets. The company organizes farmers from three different regions in Mexico into Society of Rural Production (SPRs) and provides them with training, technology and support to improve production yield.

Grupo Paisano exports more than ten product categories such as avocados, mangoes, and limes to the United States, where it is working with leading produce distributors with presence in top nationwide supermarkets. Annually, the company exports over 1,000 containers of fresh produce with over US$17 million in trade value.

“We are excited to work with DiMuto’s technology-enabled financing solutions. Working with large retailers and distributors typically means payment terms that can span upwards of 30 days upon arrival. DiMuto’s trade finance is extremely helpful to effectively manage our cash flow and scale our business,” said Miguel Gallo Reynoso, General Director of Grupo Paisano.

DiMuto Financial Services provides AI-powered trade financing to AgriFood companies. The DiMuto platform unifies critical documents, products and payments in one place, gathering an accurate depository of live trade data between the borrower and respective business partners. To ensure data visibility of the supply chain, borrowers are required to digitalize their trades, tracking every single carton for each order from packhouse to export markets.

DiMuto leverages proprietary AI to assess trade health and product quality for every trade transaction, creating a complete and accurate image of financial and operational strength of companies. The added data visibility creates lower risks for financiers and more favourable financing rates for AgriFood SMEs. This means AgriFood companies can now better manage cash flows, maintain working capital liquidity, and have greater access to essential resources for economic growth.

The data-driven supply chain visibility created by DiMuto also provides significant sustainability insights via the DiMuto Sustainability Management dashboard. With its ability to track every single carton of products from farm to fork, DiMuto can accurately estimate the carbon footprint of AgriFood companies. Companies can now identify opportunities for optimization and efficiency, such as reducing food waste and energy consumption. This helps reduce costs and support sustainable practices, which can be leveraged to secure financing.

Such data regarding sustainability metrics can also be made readily available to financiers, who traditionally face challenges in sustainability financing due to the lack of transparency and visibility into supply chains. Now, they can easily conduct due diligence with DiMuto’s data visibility and AI, ensuring funds invested fulfil sustainability objectives.

“Grupo Paisano continues to lead the market with its commitment to smallholder farmers and promotion of sustainable agriculture supply chains. We are proud to support Grupo Paisano in this important work with our data-driven financing and help them grow their business and communities together,” said Julie Escobar, Chief Strategy & Commercial Officer of DiMuto.

The Mexican fresh produce industry has consistently seen positive growth and produces US$17.5 billion worth of fresh produce every year. While Mexican exports dominate the US market, there is plenty of untapped opportunities for Mexico to grow its exports in both established and newer markets, such as the Asia-Pacific region.  

Grupo Paisano is also working with DiMuto via the DiMuto Marketplace, a B2B AgriFood marketplace, to tap on the company’s strong network in Asia and grow their export business. The innovate DiMuto Marketplace connects traceable buyers and sellers in the AgriFood industry, providing access to high quality products with supply chain visibility. The marketplace offers a wide range of fresh produce, manufactured foods, and seafood products for potential buyers, enabling quick and efficient sourcing. The DiMuto Marketplace is also committed to sustainability and environmental responsibility, working with growers and suppliers who use eco-friendly farming and packaging practices.

DiMuto continues to deepen its presence in US and Latin America, and is working towards strengthening its financial offerings. The company plans to launch a loan fund targeted at institutional and accredited investors and broaden its financing facilities for AgriFood SMEs around the world. The move emphasizes DiMuto’s commitment to power global AgriFood trade with data visibility and finance for a more sustainable food system.

-end-

–