Business Day (Nigeria)

Farmcrowdy unveils Crowdyvest, new investment platform focusing on SDGS

- DAVID IBIDAPO

Sequel to a move to officially consolidat­e sister companies; Agricsquar­e and Farmgate Africa as part of a single entity, which is expected to create a bigger Farmcrowdy, the company has now launched yet another investment platform it calls Crowdyvest.

In a recent press briefing, Farmcrowdy explained Crowdyvest is an exclusive style platform that connects sponsors with investment opportunit­ies that fall within seventeen of the goals under the United Nations Sustainabl­e Developmen­t Goals (SDGS) including agricultur­e and other impact driven sectors.

“Having looked at all the activities with our sponsors, we have decided to create Crowdyvest, as an impact driven platform which will allow our Agric sponsors to look at the entire SDGS and seize opportunit­ies the platform is presenting and sponsor,” said Onyeka Akumah, founder and CEO of Crowdyvest.

According to him, new sponsors will be able to sign up in what he termed a “safe, secure and trusted platform” for free, geared towards opportunit­ies in other portfolio products and sectors via the Crowdyvest platform.

while having a direct impact on the achievemen­t of United Nation’s SDGS,” Onyeka explained further.

According to Kenneth Obiajulu who now heads Farmcrowdy as the Managing Director, “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.

Prior to joining Farmgate, Kenneth had worked and consulted for internatio­nal organizati­ons like The World Bank Group, Technoserv­e, Sustainabl­e Food Lab, Accenture, Nigerian Breweries, just to mention a few.

The Crowdyvest platform, according to the company, 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.

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