The
grant will allow the multiple award-winning startup develop a mobile app for
smartphones and feature phones that will enable farmers and Technical Field
Specialists interact about farm related activities. The app will also deliver
other services to farmers, such as information, electronic payments and
training.
Launched
in 2016, the Fund was set up to provide selected start-ups in Africa and Asia
Pacific with grant funding, technical assistance and the opportunity to partner
with mobile operators in order to scale their products and services into
sustainable businesses with positive socio-economic impact.
Other
recipients of the 2017 equity-free grant award include Ugandan Fintech startup
Ensibuuko and online m-payment platform LipaMobile, Tanzanian Micro-Health
Insurance product Jammi Africa, Kenyan education mobile platform Kytabu and
Optimetriks , Zambian Musanga Logistics, Nigerian e-learning platform
PrepClass, Egyptian Carpooling app Raye7 and multinational knowledge-based
network, Lynk.
Onyeka Akumah, Co-Founder and CEO of
Farmcrowdy said, "We at Farmcrowdy are honoured to
have our hard work recognised and supported by GSMA. We are thrilled about the
possibilities this grant will provide as we continually strive to remain at the
forefront of innovation in Agritech across Nigeria. This award will play a
crucial part in the continued journey towards scaling our activities across the
country while building our relationships with the telecommunication partners of
GSMA across Nigeria."
Launched
just over a year ago, Farmcrowdy, the only African startup from Techstars
Atlanta's 2017 cohort, recently announced a $1million seed fund led by
international and local investors including Social Capital, Cox Enterprises and
Techstars Ventures.
The
seed fund will allow the startup to scale its operations with plans to expand
beyond 8 states they operate in Nigeria, work with more than 4,000 small-scale
farmers by the end of 2018 and engage 20,000 new farm followers and farm
sponsors on its platform, as they participate in addressing sustainable
development goals through the opportunities available in agriculture.
Have you heard this? Many Nigerian exporters have been
defrauded of huge amount of money in the process of exporting commodities to
foreign countries. Do you know why? They were not trained on export operations,
management, documentations and the best methods of payment in export trade.
This is terrible!!! Nigerians cannot continue to lose money to foreigners in
the course of export business. Exporters, why don’t you get a practical manual
that teaches the stages of export trade from processing and packaging of commodities
to receipt of payment by the foreign buyers. It teaches export operations,
export management, export documentations and methods of payment in export
trade? It is a contemporary step-by-step guide to export trade. It tells all
the contemporary dynamics in export trade. To get it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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