Disruptch Ventures Invests in Winich Farms to Transform Nigeria’s Agri-Tech Landscape
Lagos, Nigeria – Disruptch Ventures, a leading fintech fund emerging from Egypt, has made its first Pan-African investment in Winich Farms, a rapidly growing agri-tech startup. This initiative aims to revolutionize access to markets and credit for small-scale farmers in Nigeria. The investment is part of Winich’s ongoing series funding round.
Addressing Critical Challenges in Nigerian Agriculture
Winich, headquartered in Lagos, is tackling some of the most pressing challenges facing Nigeria’s agricultural sector, including market fragmentation and the limited financial inclusion of small farmers. Despite agriculture accounting for 21% of Nigeria’s GDP and employing millions, a large segment of small operators—representing 80% of the agricultural workforce—remains excluded from modern supply chains and financial systems.
Insights from Disruptch Ventures
Mohamed Okasha, Director Partner at Disruptch Ventures, expressed his enthusiasm for their first international investment. He stated, “Our investment in Winich reflects our firm belief in the potential of Nigeria’s agri-tech sector and the scalability of its business model. We see great opportunities for Winich as it expands across the continent.”
Winich Farms: A Vision for Growth
Attai Rich, CEO and co-founder of Winich Farms, remarked, “We are thrilled to welcome Disruptch Ventures as we embark on our next phase of growth. Their expertise in nurturing startups will be invaluable as we scale across Africa and enter global markets.”
A Timely Solution Amid Economic Challenges
As Nigeria faces rising costs and increased interest rates influenced by the devaluation of the Naira, Winich emerges as a timely and impactful solution that directly addresses market access and financing—two major hurdles for the agricultural sector. By bridging these gaps, Winich is positioned to make a significant impact on smallholder farmers’ lives.
A Digital Revolution in Agriculture
Currently operating in 29 of Nigeria’s 36 states, Winich is fast becoming a crucial connector between small operators and the broader agricultural value chain. Its digital platform links over 180,000 small farmers with essential entities like processors and retailers, effectively eliminating intermediary steps that often reduce farmers’ profits. With a nationwide network of collection points, Winich efficiently aggregates and distributes products without requiring extensive physical infrastructure.
Empowering Farmers through Digital Solutions
Winich’s innovative solutions include advanced digital cards that facilitate cashless transactions for farmers, enabling the creation of financial records that are vital for accessing future credit. Additionally, Winich offers direct credit facilities and agronomic consultancy services in collaboration with the Kebbi Agricultural Research Development Agency (Karda), aiding farmers in enhancing their operations and productivity.
Future Prospects for Winich Farms
Looking ahead, Winich plans to leverage its successes in Nigeria to expand into other African markets and explore export partnerships within the MENA region. With the growing demand for reliable, traceable, and technology-driven agricultural supply chains, Winich is well-positioned to establish itself as a continental leader in post-harvest agro-financing solutions.