#56: Thrive Agric - How the Agriculture platform evolved from crowdfunding to supporting smallholder farmers across Nigeria & Africa

Afrobility: Africa Tech and Business

Kandungan disediakan oleh Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Olumide Ogunsanwo and Bankole Makanju, Olumide Ogunsanwo, and Bankole Makanju atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

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Overview: Today, we’re going to talk about Thrive Agric, the Nigerian Agricultural technology company - we’ll explore Thrive Agric's story across 5 areas:

First we'll start with some context about African agriculture
Thrive Agric's launch & early history
Product & monetization strategy
Competitive positioning & potential exit options
Overall outlook

This episode was recorded on September 25 2022

Companies discussed: Thrive Agric, Apollo Agriculture & FarmCrowdy

Business concepts discussed: Agricultural Technology (AgriTech or AgTech), smallholder farmers acquisition strategy, Agriculture financing, Crowdfunding, Agriculture value and supply chains & Debt financing

Conversation highlights:

(10:41) - Africa Agriculture context
(19:38) - Nigeria Agriculture context
(26:14) - Nigeria crowdfunding backgroun
(32:30) - Founders’ background and launch story
(46:48) - Fundraising
(55:47) - Product and monetization strategy,
(1:09:15) - Competition & options for exit
(1:19:20) - Bankole’s overall thoughts and outlook
(1:24:45) - Olumide’s overall thoughts and outlook
(1:32:25) - Recommendations and small wins

Olumide’s recommendations & small wins:

Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com
Recommendation: Jim Rohn - How to change your life video - Incredible. He just drops non-stop knowledge bombs. Remarkable
Recommendation: Toucan chrome extension to learn languages
Small win: Exercise of writing 50 goals. Brought up a lot of interesting ideas. Shout to Alan Donegan for facilitating this
Other content: A Thrive Agric Story. One Farmer at a Time.

Bankole’s recommendations & small wins:

Recommendation: AI And The Limits Of Language, Lindy Hacker News & Lying For Money
Small win: Strength workouts
Other content: Asake - Mr Money with the vibe, ThriveAgricPR - product overview, Leadway Insurance response on Twitter, SEC Nigeria rules on Crowdfunding, Invest Like The Best - Jeff Jordan & Kevin Systrom on Lex Fridman

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