Winich Farms, a Nigerian Agritech startup, has secured a six-figure pre-series A funding round from Egyptian fintech investment firm Disruptech Ventures to expand its services to over 180,000 Nigerian farmers.

Based in Lagos, Nigeria, Winich Farms connects smallholder farmers who account for 80% of Nigeria’s farming population and 90% of its agricultural output to formal markets and financial services.

The platform links farmers directly with off-takers like retailers and processors, using a network of agents at collection points to transport produce without owning physical infrastructure. This eliminates middlemen, increasing farmers’ earnings.

Speaking on the funds raised, Attai Riches, CEO and Co-founder, noted that the new partnership would support the company’s next phase of growth.

Also commenting on the funding round, Mohamed Okasha, Managing Partner at DisrupTech Ventures, said the decision reflects the firm’s belief in the growth potential of Nigeria’s agri-fintech space.

He noted that Winich’s model is scalable and addresses practical problems in the agriculture sector. He further highlighted the opportunity for cross-learning between Egypt and Nigeria, given both countries’ reliance on agriculture.

Founded in 2018 by Riches Attai and David Osafaye, Winich Farms operates a vertically integrated platform that links farmers directly to buyers, while streamlining logistics, payments, and financial access.

The Agric-tech startup is the foremost inventory organizer and supplier for small and mid-sized factories to enable their production plant to run effectively without any delays in accessing raw materials. It does this through its thousands of collection points at the last mile connecting over 40,000 smallholder farmers harvested produce directly to the offtakers, returning profit that was once taken by the long chain of middlemen to the farmers.

Also, Winich Farms has over time provided support services like Credit previously via crowdfunding but now via partnering with lending institutions; and Insurance services with our insurance partners. The startup has built a robust on-ground infrastructure with over 180,000 smallholder farmers onboarded across 29 of Nigeria’s 36 states.

It has also established four regional fulfilment centres in Benue, Kebbi, Kwara, and Taraba State to support aggregation, quality control, and last-mile distribution. Through its digital platform, the company now facilitates over $3.7 billion (~$2.2 million) in monthly transactions, with a cumulative gross merchandise volume (GMV) exceeding $30 million.

Farmers bypass exploitative middlemen, selling directly via collection points, with geo-zone technology ensuring quick deliveries from nearby farms.

Winich builds credit scores for farmers using AI based on transaction data, partnering with financial institutions to offer loans and insurance. It also issues Winich Cards (in collaboration with Sterling Bank) to facilitate digital payments, helping farmers shift from cash-based transactions and build financial records.

Traceability: The platform provides visibility into produce movement, allowing buyers to track sources and logistics, enhancing trust and efficiency.

Winich Farms is backed by Tekedia Capital, GSMA, 54 Collective, Orange Corners, ARAF, and CRAF, amongst others, promoting financial inclusion through its Winich Cards for cashless transactions, enabling financial histories for loan access, and offering credit and advisory services in partnership with the Kebbi Agricultural Research Development Agency (KARDA).

The company hopes to extend its services to other African markets and explore export opportunities in regions such as the Middle East and North Africa.

Winich’s vision is to build Africa’s most efficient and largest Supply Chain platform and improve the lives of producers, businesses, and consumers in a meaningful manner.