…Launches New Agro-Focused E-Commerce And Trading Platform
Farmcrowdy Limited, Nigeria’s first and leading Agritech company has announced that it will extend its service in agriculture beyond financing into using technology to boost the food value chain.
It also announced the launch of a new E-commerce platform and its trading and aggregation platform for smallholder farmers.
Farmcrowdy was founded in 2016 by five young Nigerians led by Onyeka Akumah, with the aim of empowering farmers by connecting them to alternative financing and market access via a crowdfunding platform.
Farmcrowdy’s Founder and CEO, Onyeka Akumah, has in light of this new development and the opportunities that exist in the agriculture value chain, further announced that the company will focus on the use of technology to build tools and resources that farmers will need to boost food security in the country through 6 business focus areas.
These businesses according to him were set up to serve all individuals across the entire agriculture value chain prioritizing stakeholder access to better yields, lower costs, and smarter marketing.
The six new business areas are Farmcrowdy Structured Finance, Farmcrowdy Insurance, Farmcrowdy Marketing, Farmcrowdy Tech and Data, Farmcrowdy Foods and Farmcrowdy Aggregation.
And in commemoration of its fourth anniversary, coinciding with the 2020 edition of the National Digital Agriculture Day, the leading Agritech company 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, 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 its inception in April 2020, Farmcrowdy foods has been able to successfully complete over 3,000 orders in its first 90 days, through the Farmcrowdy Foods mobile app available on the Google and IOS app store.
Farmcrowdy Foods is now set to launch its E-commerce platform where consumers can purchase all their fresh foods and get value for their monies.
On the other hand, 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 Agritech startup has also hinted on a possible expansion to replicate its model in two countries in Africa and the Caribbean in 2021.
Farmcrowdy focuses on helping farmers and agribusinesses by providing them with tools that give them access to better yields and lower costs.
The vision of the company’s founders is to make the Agritech outfit the foremost digital agriculture platform in Africa admired for its impact in using technology for collaboration on food production and boosting food security across the continent.
