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Ghanaian AgTech company Complete Farmer has secured a $2.4 million convertible loan from the World Bank’s International Finance Corporation (IFC) and the Business Investment Financing Track (BIFT).
The convertible loan is paired with $660k in advisory and grant support meant to strengthen Complete Farmer’s internal systems and its capacity to expand farmer financing. The loan and grant were announced alongside a separate, larger IFC facility for Absa Bank Ghana, part of a coordinated push by the World Bank Group arm to expand agricultural finance in Ghana.
IFC led the transaction in partnership with BIFT, a $75 million blended-finance window under the Global Agriculture and Food Security Program (GAFSP) set up to de-risk private investment into smallholder farmers and agribusiness start-ups across 77 low-income countries.
“These partnerships address different gaps across the value chain, from financing cocoa purchases to helping farmers access inputs, services, finance, and buyers. Together, they demonstrate how private investment can support a more productive and resilient agricultural sector,” said Nathalie Kouassi Akon, IFC Division Director for West Africa Gulf of Guinea.
Founded in 2017 by Desmond Koney, Complete Farmer is an AgTech company building a connected agricultural ecosystem across Africa. Its digital platform links farmers with buyers, financial institutions, input suppliers and agricultural service providers. Its network now includes more than 72,000 farmers, operating across eight regions in Ghana through eight fulfilment centres, with an active presence in both Ghana and Togo.
Separate from the IFC-BIFT loan, CompleteFarmer Technologies, Inc., the Delaware-based parent entity, has been raising a parallel equity round. Launch Base Africa reports, citing a regulatory filing with the US Securities and Exchange Commission (SEC), that the company had raised $9.2 million from six accredited investors in a targeted $12 million equity offering under a Rule 506(b) private placement exemption.
The company had previously secured a $5 million debt facility from Swiss impact asset manager Symbiosis, which was followed by nearly $2.5 million in blended debt and grant capital from the European Union’s AgriFI initiative, managed by EDFI Management Company.
“Too many farmers with the capacity to grow commercially still struggle to access the financing they need to do so. Over the years, we have focused on building the technology, data and market infrastructure that makes it possible to better understand farmers, support their production and connect what they grow to real demand,” said Desmond Koney, CEO, Complete Farmer.
The new financing comes months after Five35 Ventures, an Africa-focused, gender-lens investment vehicle backed by the Mastercard Foundation Africa Growth Fund, confirmed its first portfolio exit from its stake in Complete Farmer. According to a statement, Five35 invested in April 2022 and exited in March 2026, during which Complete Farmer’s valuation rose from $6 million to $49 million, delivering a 3.5x return on invested capital and a 38% internal rate of return.
IFC said the new loan will help Complete Farmer connect more smallholder farmers with financial institutions, including facilitating access to finance by 2030. The partnership is expected to reach and support 240,000 farmers.
