Nedbank and PrysWys partnership signals a new era for tech-driven agri-finance in South Africa
The Nedbank Agribusiness and PrysWys collaboration marks the beginning of a new area for agri-finance in South Africa.
Thanks to Nedbank’s collaboration with PrysWys – South Africa’s leading online marketplace for agri-inputs like fertiliser, seeds, livestock feed, and fuel – producers in the agriculture sector gain direct access to tailored financing solutions.
This can be done directly on PrysWys’ online platform and will help agricultural producers avoid the hassles usually involved in securing finance.
“This alliance is more than convenience, it’s a strategic step toward digitising agricultural value chains,” said Desry Lesele, Senior Manager for Agribusiness Client Value Propositions at Nedbank Commercial Banking.
“By integrating finance directly into agriculture trading platforms, we are reducing friction, accelerating access to finance, agricultural inputs, markets and enabling farmers to operate with the agility required in today’s competitive agriculture market.”
While Nedbank provides the funding for the agriculture inputs, PrysWys simplifies the procurement process by connecting farmers directly with trusted suppliers at wholesale agri-input prices.
This makes it easier for South African farmers to purchase these essentials without worrying about upfront financial strain.
Through this partnership, Nedbank and PrysWys are laying the foundation for a resilient, tech-enabled agricultural ecosystem.
By combining financial innovation with digital marketplaces, Nedbank is not just solving short-term challenges; it is future-proofing South African agriculture against increase in input cost, volatility, climate pressures, and global competitiveness.
“This collaboration reflects a broader vision for the future of agriculture,” said Lesele.
“As someone deeply engaged in shaping agri-finance strategies, I see technology-driven partnerships as the key to unlocking efficiency, resilience, and sustainability in farming.”
“By embedding finance into digital platforms like PrysWys, we are not only democratising access to inputs but also empowering farmers to thrive in an increasingly data-driven and climate-conscious world,” said Lesele.
Choosing PrysWys
Lesele adds that choosing PrysWys was a deliberate move to align with a partner that embodies the future of agriculture which will be digital, transparent, and sustainable.
“At Nedbank, we recognise that the next growth curve in agriculture will be driven by technology and data. This collaboration ensures farmers have access to not only affordable inputs but also the digital tools that will define tomorrow’s farming practices,” said Lesele.
PrysWys is an online platform that was designed to simplify the purchasing processes for agricultural inputs by connecting farmers directly with trusted suppliers.
This is facilitated by a streamlined and user-friendly interface which allows farmers to request quotes, compare prices, and place orders.
PrysWys is powered by SwiftVEE, one of South Africa’s pioneers in online livestock trading and the country’s largest independent livestock trading platform.
“This collaboration isn’t just about finance; it’s about reinventing value-chains through technology,” said Russel Luck, CEO of SwiftVEE.
“Whether you want price transparency to ensure you’re not over-paying at your cooperatives, or need scarce agri-inputs unavailable in your area, PrysWys ensures you get trusted agri-inputs at the most affordable prices.”
He added that Nedbank’s entry has opened new doors that make the collaboration a major milestone for the agricultural sector.
This proves that Nedbank is more than just a bank, but a strategic partner for innovation.
“We’re incredibly proud of the collaboration between PrysWys and Nedbank as it demonstrates how much value can be unlocked for all stakeholders when market leaders join forces to innovate,” said Luck.
Click here to learn more about the Nedbank and PrysWys collaboration.
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