“Can a fresh-produce fintech own the entire commercial layer — financing, trading, and payment operations — of the global produce supply chain?”
Founded in 2014 as an agribusiness financing company, ProducePay began by offering pre-season working capital and invoice factoring to fresh produce growers who historically lacked access to traditional financing. Over time it evolved from a pure lending play into a 'Predictable Commerce Platform' — integrating a two-sided marketplace connecting buyers (grocery stores, distributors) and sellers (growers), supply chain visibility tools, and automated payment operations. The embedded finance angle deepened as the company automated cross-border payouts across 20+ countries using Modern Treasury, positioning payment speed and reliability as a core competitive advantage for grower retention.
ProducePay moves money over ACH.
ProducePay runs its ledger on Modern Treasury.
ProducePay uses Modern Treasury for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in ProducePay's stack: Money movement (ACH); Ledger (Modern Treasury); Lending (Pre-Season working capital, Quick-Pay invoice factoring and Predictable Commerce Program financing); FX & payouts (Modern Treasury); Treasury (Modern Treasury).
ProducePay was founded by Pablo Borquez Schwarzbeck and is founded in 2014, headquartered in Los Angeles, CA, USA.
ProducePay has raised Unknown (includes $77M debt+equity in 2017, $38M in 2024, Series E $50M noted) in total (latest round: Series E).
Get a read on where your own stack stands against ProducePay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.