DisrupTech Ventures, a top early-stage fintech fund in Egypt, has made its first investment across Africa by backing Winich Farms, a fast-growing agricultural technology startup in Nigeria. This investment is part of Winich’s Pre-Series A funding round.
Winich, based in Lagos, is solving big problems in Nigeria’s farming sector, like scattered markets and poor access to credit. Even though farming makes up 21% of Nigeria’s economy and employs millions, most small farmers—who are 80% of all farmers and produce 90% of the food—still don’t have access to modern supply chains or financial services.
Commenting on their debut international investment, Mohamed Okasha, Managing Partner at DisrupTech Ventures, stated: “Our investment in Winich reflects our conviction in the potential of Nigeria’s agri-fintech sector and the scalability of its model. Winich is not only solving real problems for smallholder farmers but doing so with a scalable model.
Agriculture is also core to Egypt’s economy, and we look forward to sharing insights and best practices between both markets as Winich grows across the continent.”
From his side, Attai Riches, CEO and Co-founder of Winich Farms, added: “We are excited to welcome DisrupTech Ventures on board as we enter our next phase of growth. Their experience in scaling early-stage fintechs will be invaluable as we strengthen our operations, empower more farmers, and explore expansion opportunities across Africa and beyond.
This partnership reinforces our vision to build a more inclusive and efficient agricultural value chain starting from Nigeria and reaching out to global markets.”
With rising costs for farming supplies and higher interest rates caused by the Naira losing value, Winich offers an important solution. It helps farmers get better access to markets and finance, which are two of the biggest challenges in Nigeria’s farming industry.
Winich is now working in 29 out of Nigeria’s 36 states and is quickly becoming an important bridge between small farmers and the larger agricultural market. Their digital platform connects more than 180,000 small farmers directly to buyers like processors and small shops, cutting out intermediaries who usually reduce farmers’ earnings.
The platform uses a network of agent collection points all over the country to gather and transport produce efficiently. This system works well without Winich having to own physical storage or transport facilities.
Winich is using smart Winich Cards to help farmers move away from cash by making digital payments. This creates a financial record for the farmers, which is important for getting loans in the future. They also offer direct loans and farming advice, working with the Kebbi Agricultural Research Development Agency (KARDA) to help farmers grow their businesses and produce more.
In the future, Winich wants to use its success in Nigeria to grow in other African countries and build export partnerships in the MENA region. As more people want reliable and tech-based farming supply chains, Winich is ready to become a top player in agricultural fintech across the continent.
Read more- Aspora Secures $50 Million Funding Led by Sequoia Capital and Greylock
