In a bid to extend its services aimed at empowering farmers by connecting them to alternative financing and market access via crowd-funding platform, Farmcrowdy, an agritech company has extended its service in agriculture beyond financing into using technology to boost the food value chain.
Onyeka Akumah, Founder and CEO of Farmcrowdy stated this while speaking at the company’s fourth year anniversary , adding 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.
These businesses according to him were set up to serve all individuals across the entire agriculture value chain through prioritising stakeholder access to better yields, lower costs and smarter marketing.
The businesses are; Farmcrowdy Structured Finance, Farmcrowdy Insurance, Farmcrowdy Marketing, Farmcrowdy Tech and Data, Farmcrowdy Foods and Farmcrowdy Aggregation.
In commemoration of the anniversary, he also 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).
Speaking on the Farmcrowdy Foods, Akumah said it is a one-stop e-commerce platform for fresh food and groceries.
He stated that 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 its 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,”
He added that 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 optimising the market access to African farmers and improving their income and boosting their yields.
The platform according to him 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.
He, however, said 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 three million broiler birds and deployed funds for farming projects across Nigeria.
Farmcrowdy team cutting its fourth year anniversary cake in Lagos