IFC and BIFT back Ghana's Complete Farmer with $2.4M convertible loan
What's the deal? Ghanaian agritech Complete Farmer has raised a $2.4 million convertible loan from the World BankDealroom has a profile for this one. Try Dealroom →'s International Finance Corporation (IFC) and the Business Investment Financing Track (BIFT)Dealroom has a profile for this one. Try Dealroom →. The IFC added $660,000 in technical assistance and grant support, bringing the joint package to $3.06 million.
What does the company do? Complete Farmer runs a digital platform that connects growers directly with commercial buyers, input suppliers, and logistics providers across West Africa. The capital targets supply chain fragmentation and credit bottlenecks that limit smallholder yields.
What's the endgame? The company plans to expand its input financing model and reach 240,000 farmers by 2030. "Too many farmers with the capacity to grow commercially still struggle to access the financing they need to do so," said chief executive Desmond Koney.
Why now? The loan lands as Delaware-incorporated parent CompleteFarmer TechnologiesDealroom has a profile for this one. Try Dealroom → closes an equity round. SEC filings show it raised $9,199,998 of a targeted $12 million offering under a Rule 506(b) private placement, secured from six accredited investors.
By the numbers: An amended Form D, filed June 11, 2026, following an initial April 7 sale, leaves $2,800,002 remaining in the vehicle. The filings do not name the investors or clarify whether the recent debt sits within the $12 million placement.
Capital history: The new facilities build on earlier raises. Complete Farmer previously secured a $5 million debt facility from SymbioticsDealroom has a profile for this one. Try Dealroom → and €2.2 million in blended finance from the EU's AgriFIDealroom has a profile for this one. Try Dealroom → initiative. In late 2023, it closed a $10.4 million pre-Series A led by the Acumen Resilient Agriculture FundDealroom has a profile for this one. Try Dealroom → and Alitheia Capital.
The signal: Blending development-backed debt, grants, and equity is becoming a template for African agritech scaling in a tight funding climate. By pairing concessional capital with private placement, Complete Farmer is stacking multiple sources to fund expansion without leaning on a single round.
Read more: launchbaseafrica.com
Image credit: Complete Farmer
