Nigerian startup, EZFarming secures $150,000 investment from 500 Startups

by | Aug 26, 2019

Nigerian agritech startup, EZFarming, has received $150,000 from San Francisco-based accelerator, 500 Startups having participated in its four-month-long programme.

Coming out of 500 Startups as the only Nigerian startup in the 25th batch, EZFarming now has extra funds at its disposal.

EZFarming is a marketplace that helps farmers finance their business. It does this through micro-loans and ease of access to produce buyers worldwide.

For every startup that participates in 500 Startups, they get to exchange 6% equity for funding, mentorship and hands-on training. But it won’t matter much as the new funding from 500 Startups will allow EZFarming to continue innovating while also expanding its operation size.

The fund from 500 Startups is also coming on the heels of a first-place finish at a competition hosted by Georgetown African Business Conference earlier in the year.

EZFarming is founded by Cambridge University-trained Nigerian agricultural economist, Dr Adewale Oparinde.

Endlessly amused by technology. @ulonnaya

Looking to transition into tech? Learn how to code in 1 year with AltSchool Africa. Earn a diploma in software engineering at $0. Apply Here.

Notify of
Inline Feedbacks
View all comments

Recent News

An Indian masterclass?

An Indian masterclass?

With Parag Agrawal appointment as Twitter’s CEO is the latest in a growing trend of Indian-American CEOs. Today on #TechpointDigest, @chigo_nwokoma discusses lessons from India.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap