“Can a farmer-financing platform turn smallholder African agriculture into a bankable, data-verified asset class for institutional lenders?”
Founded 2017 as an agri-fintech platform crowdsourcing capital from retail investors to fund smallholder farmers' inputs. After a 2020 crisis where the platform struggled to pay investor returns during COVID, ThriveAgric pivoted from retail-funded crowdfunding toward institutional debt capital from commercial banks — culminating in a $56.4M debt facility in 2022. It has since positioned itself as an 'Agricultural Operating System' (AOS) — a supply-chain and financing platform rather than a consumer-facing fintech — targeting $500M in credit deployed to 10M farmers across Nigeria, Ghana, and Kenya by 2027.
ThriveAgric's lending and capital products are provided by ThriveAgric (in-house).
ThriveAgric was founded by Uka Eje and Ayodeji Arikawe and is founded in 2017, headquartered in Abuja, Nigeria.
ThriveAgric has raised $62.8M in total (latest round: Debt, 2022 ($56.4M)).
Get a read on where your own stack stands against ThriveAgric and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.