Backed by the crop
The producer commits a defined share of the production. The instrument is settled when the crop is delivered, or by its equivalent value.
Sector · Agriculture
Invest in Brazilian agriculture, backed by the harvest.
Kivvia originates and structures operations of rural producers whose repayment is tied to a real crop, priced against public references and delivered to a contracted buyer.
Pre-launch. Nothing on this page is an offer. Offerings will only be made after the applicable licences, through authorised partners, to investors who complete verification and suitability.
01 · Why agriculture
Real production, public prices, a buyer before the offering
Each operation finances one harvest of one producer. The backing is physical, the pricing is public and the exit is contracted before investors are invited.
Priced against references
Volumes and values follow public quotes (CEPEA, CEAGESP, global futures) that anyone can check. The sources are shown on every number.
Buyer contracted first
An off-taker is contracted before the offering, so the operation already knows where the product goes and at what terms.
02 · How an operation runs
From pre-analysis to settlement in product
During the waitlist, steps one and two are open to producers. The remaining steps follow the licensing of the partners and of Kivvia.
- 01
Pre-analysis
The producer describes location, area, crop, expected volume and financing goal. Kivvia runs a viability triage against its allocation targets.
- 02
Broker review
A partner broker reviews the pre-analysis and issues a non-objection letter to proceed with documents.
- 03
Structuring
Production history, financial data and the dossier are assembled. The producer issues a CPR and a partner securitisation company issues the CRA backed by it.
- 04
Offering
The offering is distributed by licensed partners to verified investors, within the limits of the applicable regime.
- 05
Delivery and settlement
The crop goes to the contracted buyer; the payment flows to the segregated estate that settles the instrument and pays investors.
03 · Instruments and norms
What the operation is made of
Every instrument has a law or a CVM rule behind it. Kivvia tracks changes to these norms and shows the current citation here.
CPR · Cédula de Produto Rural
The producer's promise to deliver a defined quantity of product (or its value) at a date, registered with an entity authorised by the Central Bank of Brazil.
Lei 8.929/1994, as amended by Lei 13.986/2020
CRA · Certificado de Recebíveis do Agronegócio
A security issued by a securitisation company and backed by agribusiness receivables such as the CPR, with a segregated estate for investors.
Lei 11.076/2004 · Resolução CVM 60/2021
Crowdfunding of small companies
Public offerings of small companies through an authorised crowdfunding platform, with limits per investor and per offering.
Resolução CVM 88/2022
04 · What you can do today
Three steps before the first series
The waitlist prepares the information you will receive. It is not an order and creates no commitment.
Create an investor account
Say where you are resident. That decides which Kivvia company serves you and under which rules.
Register your interest
Investor type, ticket range, preferred crops and terms, plus five preliminary suitability questions.
Follow the market
The market pages show the quotes and the harvest calendar of the crops Kivvia works with, with sources.
05 · Risks
What can go wrong
Agricultural operations carry risks that no structure removes. Each series will describe its own in the offering documents.
Production
Weather, pests and management can reduce the harvest below the committed volume.
Price
Commodity prices move. A lower price at delivery changes the value of the product that backs the operation.
Counterparty
The producer, the buyer or the securitisation company may fail to perform. Guarantees and the segregated estate mitigate, not eliminate, this risk.
Liquidity
These instruments have no organised secondary market. Plan to hold until maturity.
06 · Questions
Frequently asked
Is Kivvia licensed?
Not yet. Kivvia Fintech LTDA originates and structures operations in Brazil and does not distribute securities; offerings will run through CVM-authorised partners. Kivvia Fintech S.L. is being incorporated in Madrid and is not authorised or supervised by the CNMV.
Who can invest?
Residents of Brazil will be served by Kivvia Fintech LTDA; everyone else joins the Kivvia Fintech S.L. waitlist until its authorisation. Each regime sets its own investor limits.
What is the token?
An on-chain mirror of the security, used for record keeping. The security itself is the CPR or the CRA; the token is not a derivative and custody is fiduciary.
What return can I expect?
Kivvia does not promise returns. Each series will state its terms and risks in its own documents, which you should read before any decision.
Also see: Construction
Follow the first agricultural series
Join the waitlist to receive the announcement and the steps before it: verification, suitability and the offering documents.