Farmcrowdy is a global Agtech company in Nigeria, focused on bringing farmers tools and technology to include them in formal markets, through finance, insurance, technical assistance, off-take and value addition. Farmcrowdy also helps stakeholders in the food value chain maximize their output and increase their profits with technology. Its game-changing platform (Farmgate) leverages technology to connect the food value chain participants with access to finance, reduce the cost of production, open market access, harvest better yields and mange post-harvest losses.
African smallholder farmers experience four main pain points – Access to finance, access to viable inputs, lack of training good agronomic practices and access to superior markets. Farmcrowdy creates a solution that helps in maximizing output and increasing profits for stakeholders with its proprietary technology called Farmgate. This involves cheaper input bundles negotiated for retailers and culminates in cheaper inputs to the farmers as a result of bulk ordering by retail agents. Farmgate solution boosts financial Inclusion and promotes farmer’s data profiling, advisory services, procurement, agency banking, microcredit and insurance and commodity aggregation of retail points as collection centres for commodity offtake from the farmers. This solution addresses access to cheap sources of finance, viable inputs and superior markets; leveraging technology to reduce the cost of production, open market access and better yields – all in one.