Launches new agro-focused E-commerce and Trading Platform.
Thirty years from now from now (2050 precisely), Nigeria is projected to reach 400 million people. Then, one-million-dollar question is: How do we tackle food security and other issues in the agricultural value chain?
So, five young Nigerians came together, brainstorming on how this, especially on how to leverage technology to transform the lives of 38 million small-scale farmers in Nigeria who require access to market, funds, insurance, etc., to enjoy the benefits of their labour.
This led to the establishment of Farmcrowdy Limited; Nigeria’s first and leading Agritech company founded in November 2016 by these five young Nigerians led by Onyeka Akumah.
Like we stated earlier, the aim for establishing Farmcrowdy has been to empower farmers by connecting them to alternative financing and market access via a crowdfunding platform.
The vision is clear: “to be 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”.
Achieving these goals will definitely improve the economies of rural farm localities and strengthening food security across Africa. You can ask any of the 300,000 farmers who are on this platform already and they will tell you how valuable Farmcrowdy is to them.
Thus, on the fourth anniversary of the Company, Farmcrowdy is getting bigger with the announcement that it will extend its service in agriculture beyond financing into using technology to boost the food value chain as well as the launch of a new E-commerce platform and its trading and aggregation platform for smallholder farmers.
In light of this new development and the opportunities that exist in the agriculture value chain, Farmcrowdy’s Founder and CEO, Onyeka Akumah, has 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 six business focus.
@farmcrowdy turned 4 today and this picture is one of the best for me showing all my cofounders and I who stayed through the journey even at tough times. I celebrate them (@mraphills @chridunesq @topeomotolani @IfeanyiAnazodo) and the entire team of Farmcrowdites. Kudos team! pic.twitter.com/z78E3zJ4rj— Onyeka Akumah (@onyekaakumah) November 14, 2020
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 has 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).
What you need to know about Farmcrowdy Foods:
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.
We launched the @FarmcrowdyFoods Black Friday Sales on Saturday and we are excited about the deals we will be rolling out.— Farmcrowdy Foods (@FarmcrowdyFoods) November 16, 2020
There will be deals from all our product categories.
Download our app now so you don't miss out on any deal.https://t.co/7JevAE4bwD#FCFoodsBlackFriday2020 pic.twitter.com/9Vc8HRwK04
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.
What you should know about Farmcrowdy Trader:
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.
New farmcrowdites alert: @ObiLuya joins @farmcrowdy to build our Aggregation business (ex Novus Agro, ex Esoko, personally credited for building one of the first agrocommodity index trader in Nigeria). Linda Obi leads @FarmcrowdyFoods (ex Tolaram Group & set up 250 franchise… pic.twitter.com/LADY6eNBZY— Onyeka Akumah (@onyekaakumah) November 3, 2020
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.