))
Harvesting Hope: How HeavyFinance Is Cultivating a Greener Future
Manage episode 415556231 series 3318710
Content provided by Tarmo Virki. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tarmo Virki or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
HeavyFinance incentivizes farmers to adopt climate-friendly practices by providing financial support for the transition from conventional to regenerative farming.
Founder Laimonas Noreika, with a background in FinTech, was inspired to start the company after learning about the financial challenges faced by farmers, he said in an interview on sidelines of TechChill conference in Riga.
HeavyFinance has evolved from a lending business to a climate-focused enterprise, leveraging a business model based on Verra standards to issue carbon credits to farmers who sequester CO2. They are now active in six European markets and are launching an Article 9 fund to further support regenerative farming practices.
The company aims to create a financial ecosystem tailored for farmers, offering products like green loans to facilitate the switch to sustainable farming, with the ultimate goal of scaling up to meet the significant financial needs of small and medium farms across Europe.
The company is working on unlocking institutional capital and launching a securitization deal, with plans to expand its support and educational efforts in 2024.
Learn more about your ad choices. Visit megaphone.fm/adchoices
89 episodes
Share
