Farm Crowdy Launches New businesses and celebrates 4th anniversary

Gabriel Johnson

Farm Crowdy began with two farmers in 2016 and developing to 300,000 farmers in 2020 across eight states, Farmcrowdy, an agricultural innovation and group financing stage is celebrating its fourth commemoration, intending to grow the numbers of farmers it would have worked with by 2021 to 500,000.

Nigerian agritech startup, Farmcrowdy has in its 4th year, dispatched a sum of 6new business units to primarily employ the use of tech to deliver value to both farmers and consumers. These units are an expression of the ambition of the company and its plans to strengthen and expand its offering to cater to as much needs as it possibly could.

The organization declared the dispatch under The umbrella farm crowdy crowdy 3.0.
These businesses includes 6 specialty units which the organization is looking to basically focus on in the following year. These 6 specialty units incorporate FC Tech and Data; FC Structured Finance; FC Insurance; FC Marketing; FC Aggregation; and FC Foods.

Highlighting its victories as of recently, Onyeka Akumah, the organization’s CEO said after a significant mishap, first and foremost, the startup chose to turn out to be all the more effectively associated with the development and creation measure. This finished in developing 5,000 sections of land of maize in Kaduna, 2,000 sections of land of rice in Kwara and 1,250 sections of land of cassava in Akwa Ibom just as over 1.2 million chickens and it has from that point forward, kept on taking goliath and imaginative steps.

According to Akuma, Founder and Chief Executive Officer of the agritech company,
Farmcrowdy has over the years increased farmers’ incomes by 80 percent, partnered with various organizations, and generated over $1.9 million in sponsorships. He also said the company is currently working with over 3,000 small scale farmers across different states in the country.

“We are committed to expanding our reach in order to continue to empower local farmers, positively impact their lives and their families while boosting food production and sustainability in Nigeria,” he said.

Going forward, we 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.

While expressing his excitement towards the success of the new 6business division launch, Akuma added;
“I am so excited about farmcrowdy 3.0 because now we are using technology to not just connect the farmers in our network, we are looking at how we will get three million farmers within a short while within our platform benefitting from Farmcrowdy 3.0,”

“Each of these businesses under Farmcrowdy 3.0 is revenue generators on their own with each having its own managerial officers and digitalized projects like the aggregation and foods division have the Farmcrowdy trader platform and the Farmcrowdy foods platform respectively,” Akumah added.

The Tech and Data division means to change the agriculture space in accordance with worldwide patterns utilizing innovation, information investigation, exploration and market expectations which will likewise assist farmers with settling on educated choices.

FC aggregation will provide a tech-enabled connection between farmers and large-scale buyers, already it has 101 commissioned aggregation centers with a minimum commodity aggregation capacity of 12 thousand metric tonnes. Similarly, FC foods connect farmers’ produce to end consumers using technology and have generated $33,000 since it commenced operations

Structured finance aims to equip farmers with capital while the Insurance arm offers insurance services to farmers with a minimum of N100 monthly. The marketing division aims to provide marketing solutions, with expertise in public relations, digital marketing, etc.

The group company, which was renamed Emfato holdings from Crowdyvest holdings earlier in July has three major operations namely Crowdyvest, an investment and savings platform, Plentywaka, which is a transport platform and Farmcrowdy, which is centred on diverse agricultural activities.