Enter your email address below and subscribe to our newsletter

Thrive Agric | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Venture capital, Grants, Series A Funding
Number of Funding Phases
8
Business Type
Private Company

All you need to know about Thrive Agric

About ThriveAgric

ThriveAgric is a fast-growing technology-driven agricultural company, passionate about ensuring food security. The company does this by linking smallholder farmers to capital, data-driven best practices, and access to local and global markets for their commodities.

ThriveAgric was founded in 2017 and began full operations in 2018.

Our History

Thrive Agric is a relatively young company, but one that has grown rapidly. Founded by Uka Eje (CEO) and Ayodeji Arikawe (CTO), the company emerged from a desire to address the numerous challenges faced by smallholder farmers in Africa. 

These challenges include limited access to finance, lack of knowledge about best practices, and difficulty accessing markets for their produce.

Recognizing that solving just one of these issues wouldn't be enough, Thrive Agric built a comprehensive "Agricultural Operating System" (AOS) to tackle them all. This platform includes various apps that provide farmers with financing,  data-driven insights on best practices, and connections to local and global markets.

In just a short period, Thrive Agric has amassed an impressive track record. They have established a network of over 500,000 farmers across 22 Nigerian states, with a significant portion being women (40%) and young people (around a third). 

They have also facilitated over $150 million in financing, supporting the production of 200,000 tons of grain and the raising of 4 million poultry birds.  Thrive Agric's impact is evident: farmers using their platform have recorded harvests that are three times the national average.

Buoyed by this success, Thrive Agric has set ambitious goals for the future. They plan to expand to new countries and grow their network to a staggering 10 million farmers by 2027, while also significantly increasing their field agent workforce.

Our Vision

To build an Africa that feeds itself and the world.

With our available resources, Africa can supply enough food to ensure no one ever goes to sleep hungry. 

We believe that smallholder farmers are the key to unlocking our continent's food production potential. That's why we empower them, leveraging our technology to access finance and improve productivity & sales to promote food security.

Our Mission

To build the largest network of profitable farmers across Africa, ensuring there's always food for all.

Our Core Values

ThriveAgric’s core values are: Growth, Respect, Integrity, Innovation, and Teamwork (GRIIT)

Our Services

ThriveAgric leverages technology to provide profitable support for smallholder farmers across Africa, thereby strengthening the foundation of the different value chains in the agriculture industry toward increasing food production. 

We offer services such as farmer onboarding, farm mapping, input distribution, field monitoring, harvesting, and inventory management.

Thrive Agric helps smallholder farmers obtain the most suitable, sufficient, and quality farm inputs and provides them with data-driven and tech-enabled insights and guidance on new and improved farming methods to increase their productivity.

Upon harvest, Thrive Agric also connects farmers with local and global markets that offer premium prices for their commodities.

Our Business Model

ThriveAgric's business model is centered around providing financing, data-driven best practices, and access to local and global markets for commodities to smallholder farmers in Africa.

The heart of ThriveAgric's business model is its proprietary Agriculture Operating System, or AOS, which is packed with data on farmers and potential customers for their commodities.

Company Co-founders
Ayodeji Arikawe
Uka Eje
Related Topics

Thrive Agric
Business Model

The Company major services and product include: Food and Agriculture processing Fintech

The Company was Founded
The Company was established on
November 2, 2017
HeadQuarters
The Company has its Operational Headquarters at No 31, 441 Avenue, Citec Villa Gwarinpa, Abuja, 900108, Nigeria
Industry
The Company is contributing to the development of the Industry Agriculture, FinTech, IT Services
Staff Strength since Inception
The Company prides in her team member of about 101 - 500 active members

Thrive Agric Business Model

The Company major services and product include: Food and Agriculture processing Fintech

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
.26 million
Company Net worth as of 2023

List of Tech Companies in Africa by their Industries/Niches

Beside Thrive Agric, who have made great impact in service delivery in the Africa region we have group other companies according to their Niches for you to quick preview.

List of Tech Companies in Africa by their Cities

Beside Flutterwave, who have made great impact in service delivery in almost all cities in Africa, we have group other companies according to their Cities for you to quick preview.
More Companies under review

Email Subscription

We have reviewed a lot of companies. Kindly subscribe and get updates on the latest companies
Email

Stay informed and not overwhelmed, subscribe now!