FCMB-backed Agritech startups target expansion into East Africa

Nigerian agritech startups supported by First City Monument Bank are preparing to grow into different African markets arsenic portion of a broader propulsion to standard homegrown cultivation exertion solutions crossed the continent.

FCMB noted successful its AgriTech Alumni Impact Report that ventures specified arsenic AgroCist and Crop2Cash person demonstrated the imaginable to standard their solutions beyond Nigeria into different African markets.

The study traces the improvement of the bank’s agritech programme from its 2018 motorboat to what it described arsenic an “Impact Era” focused connected commercially viable, investment-ready cultivation businesses.

Crop2Cash emerged arsenic the inaugural victor of the programme with a USSD-based level designed to amended entree to fiscal tools for unbanked farmers.

Since then, the inaugural has expanded done collaborations with innovation hubs, improvement concern institutions and startup enablers.

FCMB stated that its attack progressively considers opportunities beyond accepted lending, including the usage of upwind data, ungraded accusation and different integer tools to enactment amended decision-making, negociate hazard and heighten cultivation productivity.

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