Egypt's DisrupTech Ventures Backs Nigerian Agri-Fintech Winich Farms in First Pan-African Push
The leading Egyptian early-stage fintech fund, DisrupTech Ventures, has made its first pan-African investment, leading a Pre-Series A funding round for the Nigerian agri-fintech platform, Winich Farms. This strategic move marks a significant step in DisrupTech's expansion strategy and aims to fuel Winich Farms' growth across the continent.
DisrupTech's Pan-African Investment Strategy
This investment represents a key milestone for DisrupTech Ventures as it expands its focus beyond Egypt to back high-potential startups across Africa. The decision to invest in Nigeria's agri-fintech sector was driven by the scalability of Winich Farms' model and the vast potential of the market. Mohamed Okasha, Managing Partner at DisrupTech Ventures, highlighted the strategic synergy, noting the importance of agriculture to Egypt's economy and the opportunity for shared insights between the two markets.
The Solution Backed by DisrupTech: Winich Farms' Platform
Winich Farms operates an innovative agri-tech platform designed to address critical challenges faced by smallholder farmers in Nigeria. The company works to solve issues of market fragmentation and a lack of financial inclusion by connecting farmers directly to markets and providing them with access to essential credit. This model helps to create a more efficient and equitable agricultural value chain.
Leadership on Cross-Continental Collaboration
The partnership is built on a shared vision for leveraging technology to empower local communities. Attai Riches, CEO and Co-founder of Winich Farms, expressed his excitement about the collaboration. "This partnership reinforces our vision to build a more inclusive and efficient agricultural value chain," he said, emphasizing the value of DisrupTech Ventures' deep experience in scaling early-stage fintech companies. Mohamed Okasha added that DisrupTech is thrilled to support Winich Farms as it strengthens its operations and expands its impact.
About DisrupTech Ventures
DisrupTech Ventures is a leading Egypt-based venture capital fund focused on investing in early-stage financial technology (fintech) and fintech-enabled startups. The firm is known for providing capital and strategic support to help companies scale and transform the financial services landscape in the region.
About Winich Farms
Winich Farms is a Nigerian agri-fintech company co-founded by CEO Attai Riches. The company is dedicated to transforming market access and providing credit solutions for smallholder farmers, leveraging technology to build a more efficient and inclusive agricultural ecosystem.
Looking Ahead: Building a More Integrated African Tech Ecosystem
DisrupTech's investment in Winich Farms is a powerful example of the growing trend of "Africa-to-Africa" investments. This collaboration between the Egyptian and Nigerian tech ecosystems not only provides Winich Farms with the capital to expand but also fosters a more integrated and collaborative startup environment across the continent, paving the way for more cross-border partnerships and shared growth.
Source: TechAfrica News