Ho Chi Minh City, Vietnam & Geneva, Switzerland — April 14, 2026 — As part of its broader capital strategy, which includes a planned1 Series B equity raise later this year, TechCoop’s domestic trading arm in Vietnam, Farmnet Company Limited, today announced the disbursement of a USD 11,750,000 senior secured loan from Symbiotics, the Geneva-based impact investment firm.
The facility marks the first offshore institutional financing raised by a Vietnam-incorporated TechCoop entity, and highlights the growing strength and scalability of TechCoop agricultural supply chain platform across Vietnam.
What Farmnet Does
Farmnet trades agricultural commodities across Vietnam’s domestic supply chains, working directly with processors, cooperatives, and farming businesses as a well-capitalised trading counterparty that can move at scale and offer flexible payment terms. Operating across 20 locations nationwide, Farmnet trades key Vietnamese commodities including cassava, coconut, cashew, durian, coffee, fresh fruits, and processed agricultural products.
In FY2025, TechCoop earned revenues of ~USD 220 million across its operations. Farmnet specifically serves over 641 cooperatives and agri-enterprises across 28/34 provinces.
Use of Proceeds and Expected Impact
The Symbiotics facility will be used as working capital to support increased trading volume with processors, cooperatives, and agri-SMEs it serves.
By providing reliable and scalable trade liquidity, Farmnet helps Vietnam’s agricultural players access stable market channels and improve their operational resilience. The financing is expected to strengthen value chain efficiency and enhance income opportunities for local stakeholders.
Regional Context
Vietnam’s agriculture and fishery sector accounted for 11.86% of GDP in 2025, according to the Vietnam General Statistics Office. Despite its importance, access to reliable and well-capitalised trading partners remains a structural challenge for the processors and cooperatives that form the backbone of the country’s agricultural supply chains.
Vietnam’s farming sector remains highly fragmented, with approximately 70 percent of farms operating on less than 0.5 hectares, and agribusinesses consistently identifying access to finance as the most significant constraint to growth across all sectors of the economy (World Bank, Vietnam Agriculture Finance Diagnostic, 2020). Informal lending remains prevalent across rural supply chains, leaving cooperatives and smallholders exposed to below-market prices and unreliable payment terms.
Beyond Vietnam, TechCoop Investment & Technology Pte. Ltd., Farmnet’s Singapore-based parent company, plans to expand into Cambodia, Laos, and Thailand in 2026, further extending its agricultural supply chain platform across Southeast Asia.
Quotes
Tuan Nguyen, Vietnam Country Head & Co-founder, TechCoop:
We are proud to partner with Symbiotics for Farmnet’s first offshore loan to catalyze domestic business on our way to our target of USD 500 million in revenue for 2026. Vietnam and Southeast Asia agribusiness continues to be a safe haven for foreign investment looking for solid returns in tumultuous times.
Aldric Luyt, Head of Fintech, Symbiotics:
Our investment in TechCoop will strengthen working capital solutions for agricultural SMEs, supporting their growth through a unique model that combines financing with digital and advisory services tailored to local needs. This partnership reflects Symbiotics’ commitment to empowering every link in the agricultural value chain.
About Symbiotics
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management and capacity building services. Since 2005, we have originated over 9,100 investments representing more than USD 11.6 billion for 655 companies in 99 countries. We manage an aggregate portfolio of USD 2.5 billion spread across 19 funds and mandates. Our portfolio companies have also benefited from over 170 technical assistance projects worth more than USD 19 million. symbioticsgroup.com
About Farmnet Company Limited
Farmnet Company Limited is TechCoop’s domestic agricultural trading arm in Vietnam, operating across 20 locations nationwide. Farmnet trades agricultural commodities — including cassava, coconut, cashew, durian, coffee, and fresh fruits — working directly with processors, cooperatives, and agri-SMEs across Vietnam’s domestic supply chains.
About TechCoop Investment & Technology Pte. Ltd.
TechCoop Investment & Technology Pte. Ltd. is a Singapore-based agricultural supply chain company operating across Southeast Asia, with sales in more than 25 global markets. TechCoop plans to open operations in Cambodia, Laos, and Thailand in 2026. Institutional shareholders include TNB Aura, AVV, FMO, BlueOrchard, Appworks, and SMBC Asia Rising Fund.
Note: This press release contains forward-looking statements, including statements regarding revenue targets and planned expansion into new markets. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. TechCoop undertakes no obligation to update any forward-looking statement after the date of this release. This press release does not constitute an offer to sell or solicitation of an offer to buy any securities in any jurisdiction. In Singapore, no offer or invitation to subscribe for or purchase securities is being made, and no such offer or invitation may be made to the public in Singapore except pursuant to a prospectus registered with the Monetary Authority of Singapore or in reliance on an available exemption from the prospectus requirement. No person should rely on this release in connection with any investment decision.
1: Subject to market conditions.
Media Contact
Ryan Galloway
Chief Growth Officer & Co-founder, TechCoop Investment & Technology Pte. Ltd.