FarmCrowdy receives $325,000 grant from the GSMA Ecosystem Accelerator Innovation Fund
Founded by Onyeka Akumah, FarmCrowdy enables working class Nigerians to crowd-sponsor farming projects with the promise of a share in the returns. Its inclusion among the GSMA 2018 winners doesn’t come as surprise, as the startup is no stranger to such recognition on the global stage.
FarmCrowdy was the first and only African startup to be shortlisted into Techstars Atlanta’s accelerator programme last August. Shortly after graduating from the accelerator programme, the startup went on to raise $1 million to enable it to expand into more states in Nigeria. All of these seem appropriate for a platform that has worked with over 2000 farmers across Nigeria within just a year of operations.
After months of sieving through over 550 applications from over 40 countries in Africa and Asia-Pacific, 15 new startups, all of which focus on using mobile innovation to help solve local problems, were selected for the 2018 grant. This time FarmCrowdy, another Nigerian startup made the shortlist, getting the sum of $325,000.
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