Leading agritech company, Farmcrowdy Limited has launched six new agro-focused e-commerce and trading platforms to expand its operations to 3 million farmers across the country.
The founder and Chief Executive Officer (CEO), Farmcrowdy Limited, Onyeka Akumah, said the move is to support the federal government’s plan to achieve food security in Nigeria while also tackling food wastage as a result of poor harvesting techniques and lack of storage facilities.
Akumah at a press briefing to celebrate its fourth year anniversary said the new platforms would focus on the use of technology to build tools and resources that farmers will need to boost food security in the country.
In his words, “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.”
He also added that in commemoration of its fourth year anniversary, Akumah 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.
Shedding light on the new platforms, he said 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 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,” he said.
Explaining further, the Farmcrowdy boss added that 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,” he said.
He noted that 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.
Also speaking, the Business Leader, Chief Technology Officer, Farmcrowdy, Christopher Abiodun, said Farmcrowdy is committed to impacting the lives to boost food production in the country.
According to him, 90 per cent of these farmers do not have access to loans, stressing that farmers are still faced with myriad of challenges which he described as double digit high interest rate, production losses due to food wastage, lack of infrastructure to expand their operations to mention a few.
In his presentation, the Chief Finance Officer, Farmcrowdy, said structured finance would give farmers access to capital to boost their productivity
He said structured finance would provide affordable interest rate to farmers while also give farmers access to market their produce.
He added that so far, Farmcrowdy has raised over N5.7 billion to finance 25, 000 farmers across the nation with about 17,000 acres of farmland.
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