The Farmcrowdy Group, an agricultureal firm, has launched its impact-driven platform, Crowdyvest, to domesticate the United Nation’s (UN) Sustainable Development Goals (SDG’s) and to broaden investment opportunities across all sectors of the economy.
Onyeka Akumah, Founder and Chief Executive Officer of Crowdyvest, made the disclosure at a news conference on Tuesday in Lagos.
Mr Akumah says Crowdyvest is a safe, trusted and secure platform that will connect individuals to multiple sponsorship opportunities within the 17 SDG’s, especially agriculture in Nigeria and across Africa.
“We have been able to successfully implement a business model in one of the most challenging sectors in the world, driving growth in Agriculture (Food and Security).
“With our model, we have connected over 25,000 farmers with access to funding, technical expertise and market access by continuously creating value for them.
“We now intend to implement this across other sectors of the economy, while having a direct impact on the achievement of the UN’s SDGs.
“Crowdyvest is launched to foster a broader avenue for economic growth and build a system that will span across Nigeria and the rest of Africa,’’ he said.
After merging their Agricultural business subsidiaries @farmcrowdy and @Farmgateafrica; the FarmCrowdy Group unveils an all-new venture – @crowdyvestng to drive crowdfunding and investments for more impact-driven projects.#Farmcrowdy #Crowdyvest #TechGistAfrica pic.twitter.com/P6pMFaBaPu
— Tech Gist Africa (@techgistafrica) July 30, 2019
Akumah, however, added that while new investors were welcomed, there would be a successful migration of all Farmcrowdy existing sponsors to Crowdyvest platform without creating a new account.
“Every sponsor will continue to safely sponsor farms on the Farmcrowdy platform as well as all other portfolio products and sponsorship opportunities to be launched via the Crowdyvest platform in the future’’.
Meanwhile, Kenneth Obiajulu, who is a Co-Founder and heads one of the groups portfolio, Farmgate Africa, was announced the Managing Director of Farmcrowdy.
“It has been an amazing opportunity to lead a brand like Farmgate Africa and achieving a great amount of traction in such a short period of time.
“The plan is now to consolidate on the traction from both Farmcrowdy and Farmgate Africa to build a more robust Farmcrowdy that can create more value points across the African agricultural value chain.
“The Crowdyvest platform differs from all other investment platforms as it shares its sponsorship risk with its sponsors.
“This means that both Crowdyvest and its sponsors will have their monies used to grow the businesses of the opportunities listed on the platform,’’ he noted.
No one knows exactly how or when coffee was discovered, but there are many legends about its origin.#Coffee grown worldwide can trace its heritage back centuries to the ancient coffee forests on the Ethiopian plateau. There, legend says a goat herder, Kaldi first discovered it. pic.twitter.com/FIH5kz0jbL
— Farmcrowdy (@farmcrowdy) July 30, 2019
Farmcrowdy is Nigeria’s first digital agriculture platform offering a wide range of investment opportunities in the sector and Crowdyvest is another opportunity to increase livelihoods of Nigerians through secure investment channels.