Agri-fintech Tarfin eyes further growth in Romania after strong 2023

"Sales had a positive impact on the productivity of farmers in more than 5,600 villages. Thus, by supplying fertilisers and seeds, Tarfin has revitalised approximately 555 thousand hectares of fertile land," Tarfin said in a press release.

This year, the company aims to increase its distributor portfolio by 15% to support farmers further through sustainable partnerships, said Adina China-Birta, general manager of Tarfin Romania.

Tarfin is also preparing to launch the Tarfin PRO platform in Romania to meet the specific needs of retailers and streamline the procurement process, as they will be able to buy inputs on the platform without needing cash or loans. It will help agricultural retailers manage their finances, access new products, and expand their business.

After completing its first full year on the Romanian market, Tarfin now eyes expansion into the Polish market, it said.

"With the support of significant investments, we aim to expand Tarfin's coverage across geographies further, focusing on Eastern Europe. Our international expansion, which started successfully in Romania, has become a vital driver of the fintech ecosystem," said Mehmet Memecan, founder and CEO of Tarfin.

Memecan founded Tarfin in 2017. With the support of Quona Capital, Collective Spark Fund, Syngenta Group Ventures, Yara Growth Ventures, and Raiffeisen Bank's venture capital fund Elevator Ventures, Tarfin expanded its operations to the Romanian market in 2022.

In 2019, Tarfin received technical assistance in financial reporting and independent auditing under the "Pre-Investment Preparation Programme" of the European Bank for Reconstruction and Development.