Specials more

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

AI-powered DiMuto Financial Services expands into US and Mexico with Grupo Paisano financing deal

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.

For more information:

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.