Farmcrowdy is a digital lending platform, founded by Onyeka Akumah in Nigeria, that connects farmers with small investors who can sponsor them during a season and collect a small return when they harvest. It aims to reduce hunger and poverty by increasing food production.
Their business model leverages technology to connect stakeholders with easy access to aggregate farm produce, inputs, and processed food. Their purpose is to deliver premium value to stakeholders in the food value chain. They are driven by a mission to be the leading Agtech business promoting sustainability in the global food chain.
With over 25,000 small-scale farmers involved, receiving millions in sponsorhip, Farmcrowdy has been growing quickly since it launched. It gained momentum in 2019, winning a number of awards, including Africa’s Innovative Business of the Year by the British Awards for African Development.