Agroplex
Description
Agroplexi is a blockchain backed ecosystem, catalyzing financial inclusion for farmers in the emerging markets.
Market Opportunity/ Problem
Half of the world’s one billion farmers are unbanked. For farmers in the emerging markets, financial inclusion remains problematic and has had adverse consequences. To bridge these gaps, Agroplexi was established to help farmers solve the problem of access to finance, reduce risks associated with funding Agricultural projects, eliminate the extreme cost of credits, enable traceability in the food supply chain and bring transparency into payment and remittances. Agroplexi also helps farmers aggregate resources, collaborate to process and package farm produce and digitally distribute these within its network of superior markets.
Company Information
Years of operation
2
Type of organization
Partnership
Stage of the business
Growth Stage
Agribusiness focus
Enabling (Digital agriculture/aggregation platforms)
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Nigeria
Other country(ies) of operation
South Africa
How many employees does your business have?
6
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
$250k
What is the split between equity and debt?
60% debt, 40% equity