The International Finance Corporation (IFC), alongside the Business Investment Financing Track (BIFT), has provided a $2.4m convertible loan to Ghanaian agritech enterprise Complete Farmer.
BIFT — a global development finance initiative under the Global Agriculture and Food Security Program (GAFSP) designed to catalyze private and climate finance for early-stage agrifood enterprises and smallholder farmers — partnered with the IFC on the deal. The convertible debt facility is complemented by $660,000 in technical assistance and grant support from the IFC to scale the company’s agronomy services and digital input financing capacity, bringing the total joint package to $3.06m.
The capital injection aims to address persistent supply chain fragmentation and credit bottlenecks that restrict smallholder crop yields across West Africa. Complete Farmer operates a digital platform that connects growers directly with commercial buyers, agricultural input suppliers, and logistics providers. The company plans to use the fresh funds to expand platform access to 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 Desmond Koney, Chief Executive of Complete Farmer. “This partnership allows us to scale our input financing model so more farmers have the resources to grow sustainably and participate more meaningfully in agricultural markets.”
Nathalie Kouassi Akon, IFC Division Director for West Africa Gulf of Guinea, noted that the initiative targets critical gaps in the agricultural value chain by “helping farmers access inputs, services, finance, and buyers.”
SEC filings detail US equity fundraising
The convertible loan coincides with broader capital-raising activities by Delaware-incorporated parent entity CompleteFarmer Technologies, Inc. According to regulatory filings with the US Securities and Exchange Commission, the company closed $9,199,998 of a targeted $12m equity offering conducted under Rule 506(b) private placement exemptions.
An amended Form D filing, submitted on June 11, 2026, following an initial sale on April 7, reveals that the $9.2m was secured from six accredited investors, leaving $2,800,002 remaining in the vehicle. The documentation identifies an executive leadership team and board comprising Chief Executive Desmond Okpoti Koney alongside directors Ashwin Ravichandran and Francis Owusu.
The filing does not name the six participating investors, nor does it state whether its recent debt transactions form part of the $12m private placement. Because the SEC filing categorises the offering as equity rather than debt, the structure indicates that Complete Farmer is concurrently executing a major equity round alongside its development-backed debt and grant facilities.
Capital history and balance sheet expansion
The latest equity and convertible debt facilities build on a combination of commercial debt, concessional finance, and venture capital secured as the firm scales operations across West Africa.
Complete Farmer previously secured a $5m debt facility from Swiss impact asset manager Symbiotics to fund supply chain logistics and working capital. That followed €2.2m (~$2.5m) in blended debt and grant capital from the European Union’s AgriFI initiative, managed by EDFI Management Company, to construct six regional fulfillment and aggregation hubs in northern Ghana.
In late 2023, the company closed a $10.4m pre-Series A funding round — comprising $7m in equity and $3.4m in debt — led by the Acumen Resilient Agriculture Fund and Alitheia Capital, alongside a $300,000 crowdfunding campaign for farm input financing. Total aggregate capital raised across rounds stands between $20m and $27m, with total enterprise funding commitments reaching up to $42.5m including debt and equity facilities.