Smallholder farmers struggle to operate at commercial scale. Decisions on what to grow and how are often driven by intuition thus reducing the likelihood of a successful harvest. Lending to smallholder farmers is expensive due to the current high-risk structure. Furthermore, smallholder farmers are exposed to poor quality inputs from unverified vendors and upon harvest struggle to sell produce efficiently.
Farmz2u is improving the food system as a data driven enabler for farm field production in Sub Saharan Africa. For instance, regenerative farming practices are based on data variables such as humidity and soil composition. Through a project with The Nature Conservancy, we proved commercial value of harvest increases with regenerative farming. Similarly, Farmz2u leverages agricultural data such as previous harvest volumes and offtake guarantee to de-risk lending thus increasing farmers’ access to finance. For this we are partnered with finance institutions like Pivo Africa.
Sectors | Agritech, Artificial intelligence, Big data, Fintech |
Location | Lagos, Nigeria |
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