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ProducePay Joins World Economic Forum’s Innovator Communities as a Unicorn Member

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  • 27th September 2023
  • 1 minute read
  • 2 months ago
ProducePay Extends Its Quick-Pay Solution to Support Europe-Latin America Trade

Key Takeaways:

  1. ProducePay has been invited to join the World Economic Forum’s Innovator Communities as a Unicorn member.
  2. The agtech company aims to create a more connected and sustainable supply chain in the global produce industry.
  3. ProducePay has launched a first-of-its-kind program in partnership with Four Star Fruit to bring stability and predictability to the fresh produce supply chain.
  4. The company has received multiple accolades, including Fast Company’s 2023 World’s Most Innovative Companies ranking.
  5. ProducePay’s CEO, Patrick McCullough, and founder, Pablo Borquez Schwarzbeck, express excitement and commitment to transforming the agricultural industry.

Summary:

ProducePay, an agtech company focused on transforming the global produce industry, has been honored with an invitation to join the World Economic Forum’s prestigious Innovator Communities as a Unicorn member. This recognition places ProducePay among the leading startups dedicated to driving positive change and shaping global social, economic, and climate agendas.

Innovation and Impact:

ProducePay’s inclusion in the Innovator Communities is a testament to its innovative efforts to create more predictability, stability, and transparency in the fresh produce supply chain. The company is also committed to addressing this sector’s 60% of food and economic waste. As a member of the Innovator Communities, ProducePay will collaborate with other scale-up companies to contribute groundbreaking solutions for current regional, global, and industry crises.

Strategic Partnerships:

Earlier this year, ProducePay launched a pioneering program in partnership with Four Star Fruit, one of the largest growers and distributors of table grapes. The program aims to create stability and predictability throughout the fresh supply chain, enabling stakeholders to handle volatilities such as extreme weather events better. This initiative also fosters investments in sustainable agricultural practices.

Leadership Insights:

“Joining the World Economic Forum’s Innovator Communities is truly an honor and one that will help us propel our growth journey to the next level,” said Patrick McCullough, ProducePay CEO. Founder Pablo Borquez Schwarzbeck added that the recognition provides a unique platform to further their impact and ensure the availability of safe, nutritious, and sustainable food for future generations.

Accolades and Recognition:

The company’s invitation to join the World Economic Forum comes after multiple accolades, including a ranking in Fast Company’s 2023 World’s Most Innovative Companies and receiving the World Finance magazine’s AgTech Sustainability Award.

Image provided by ProducePay

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