Farmcrowdy news

Farmcrowdy is a Nigerian agricultural technology company that connects farmers with investors and provides a platform for them to grow and harvest crops. Here are some recent news and updates about Farmcrowdy:

Recent News:

  1. Farmcrowdy Raises $1 Million in Funding: In October 2020, Farmcrowdy announced that it had raised $1 million in funding from a group of investors, including the International Finance Corporation (IFC), a member of the World Bank Group.
  2. Expansion into New Markets: In November 2020, Farmcrowdy announced that it was expanding its operations into new markets, including the states of Ogun, Oyo, and Osun in Nigeria.
  3. New Crop Varieties: In December 2020, Farmcrowdy announced that it was introducing new crop varieties, including soybeans, cowpeas, and maize, to its platform.
  4. Partnership with Nigerian Agricultural Insurance Corporation (NAIC): In January 2021, Farmcrowdy announced that it had partnered with NAIC to provide insurance coverage to farmers on its platform.

Awards and Recognition:

  1. Winner of the 2020 Africa Fintech Award: Farmcrowdy was named the winner of the 2020 Africa Fintech Award in the category of "Best Agricultural Fintech Solution".
  2. Finalist for the 2020 Nigeria Tech Awards: Farmcrowdy was a finalist for the 2020 Nigeria Tech Awards in the category of "Best Agricultural Technology Solution".

Impact:

  1. Empowering Smallholder Farmers: Farmcrowdy has empowered thousands of smallholder farmers across Nigeria to grow and harvest crops, providing them with a platform to access markets and financing.
  2. Increasing Food Security: By connecting farmers with investors and providing a platform for them to grow and harvest crops, Farmcrowdy is helping to increase food security in Nigeria.
  3. Creating Jobs: Farmcrowdy has created jobs for thousands of people across Nigeria, including farmers, farm workers, and administrative staff.

Overall, Farmcrowdy is making a significant impact in the agricultural sector in Nigeria, and its innovative approach to connecting farmers with investors is helping to increase food security and create jobs in the country.