Farmcrowdy Limited is Nigeria’s pioneer company in Agritech, which if you are new to, is the use of technology in argriculture, horticulture, etc with the aim of of improving efficiency, yield and profitability. This is both a wise & impressive feat to achieve, especially in a country where agriculture is pivotal to survival and the economy. The company was originally established with the initiative of employing a crowdfunding platform to fund farmers who couldn’t fund themselves, or found it difficult to find investors and sponsors. Their aim was to introduce online services to the already vast business of agriculture in Nigeria. Since It is Nigeria’s earliest Agritech Company, makes them not just the first in their field, but currently, the best.
Farmcrowdy’s growth in the last four years currently boasts of over 300,000 farmers who have been positively affected by their programme, and during their 4th year anniversary tagged; FarmCrowdy 3.0, the company intends to stress that it has only begun to scratch the surface of its many capabilities, in the field of farming as well as other ventures. FarmCrowdy CEO, Onyeka Akumah revealed that 1 out every three big eatery in Lagos serves livestock supplied by their business – an incredibly impressive feat the company also celebrates in its 4 years of existence.
With such massive growth, the company has set its sights on advancements in the shape of 6 business focuses. These businesses were set up to serve all individuals across the entire agriculture value chain prioritizing stakeholder access to better yields, lower costs, and smarter marketing and they are; Farmcrowdy Structured Finance, Farmcrowdy Insurance, Farmcrowdy Marketing, Farmcrowdy Tech and Data, Farmcrowdy Foods and Farmcrowdy Aggregation.
In commemoration of its fourth year anniversary, Farmcrowdy announced the launch of these businesses along with the introduction of two major platforms, the Farmcrowdy Foods E-Commerce platform and the Farmcrowdy Trader platform (Flagship platform under Farmcrowdy Aggregation).
Farmcrowdy Foods is a one-stop E-commerce platform for fresh food and groceries. It was created in the heat of the COVID -19 pandemic as a solution to the growing food scarcity by giving individuals the opportunities to purchase food items that are fresh, healthy, and fit for consumption conveniently from the comfort of their homes. Since inception in April 2020, Farmcrowdy foods has been able to successfully complete over 3,000 orders in it’s first 90 days, through the Farmcrowdy Foods mobile app available on the Google and IOS app store and now, Farmcrowdy Foods is set to launch its E-commerce platform where consumers can purchase all their fresh foods and get value for their monies.
The Farmcrowdy Trader platform is a one-stop-shop created to provide major processors and international buyers the opportunity to purchase commodities directly from farming clusters and aggregators by optimizing the market access to African farmers and improving their income and boosting their yields. The platform creates an atmosphere for greater integration of the value chain through vertical relationships which improves product flow. thereby reducing cost, inconveniences, and improving efficiencies through technology. Farmcrowdy Trader has a mobile application that enables easy farmer’s data profiling, advisory services, procurement, agency banking, insurance, and microcredit for small-holder farmers.
Since inception in November 2016, Farmcrowdy has amassed a network of over 300,000 farmers in its network, cultivated across 17,000 acres of farmland, reared 3 million broiler birds and deployed funds for farming projects across Nigeria. The award winning startup has also hinted on a possible expansion to replicate it’s model in two countries in 2021.
