Techpoint Africa sat down with the leaders of these businesses to understand what they mean to the agritech space, and why stakeholders in the agriculture value chain should care about them.
Farmcrowdy was first an agro crowdfunding platform before it became a digital agriculture platform; can you briefly share the reason for the transition?
Onyeka Akumah (Founder & CEO): We started in 2016 as a crowdfunding platform. While running the platform, it became clear that we needed to get involved in the core production activities at some point. So, we decided not just to crowdfund funds for the farmers, but we also started farming ourselves. That was the first transition.
Then we saw there was a market access bit where we could provide a place for farmers to sell whatever they produced and get decent margins. In our first year, we were working with 3,000 farmers. We took that up to 7,000 farmers by our second year when we were doing core production activity. And then 25,000 farmers in our third year.
