by Nigerian agri-FinTech startup Winich Farms has clinched a major milestone, closing a $3 million pre-Series A funding round. This bold move sets the stage for a future Series A funding campaign and further cements Nigeria’s leadership in Africa’s booming startup scene.
Series A Funding in Sight as Winich Farms Attracts Global Investors
Winich Farms’ pre-Series A funding round was led by the Acumen Resilient Agriculture Fund (ARAF), which contributed $2.5 million. Other notable backers included the Climate Resilient Africa Fund, Marula Square, Plug and Play Tech Centre, Acasia Ventures, and Tekedia Capital. Sahel Capital also provided $590,000 in debt financing. This diverse investor pool reflects growing confidence in Winich Farms’ scalable model and its readiness for a future Series A funding round.
Egypt’s DisrupTech Ventures joined the round, marking its first pan-African investment.
“Our investment in Winich reflects our conviction in the potential of Nigeria’s agri-fintech sector and the scalability of its model,” said Mohamed Okasha, Managing Partner at DisrupTech Ventures.
Series A Funding Prospects Fueled by Winich Farms’ Impact
Founded in 2020 by brothers Riches and Winner Attai, alongside Chichebem Jibunoh, Winich Farms connects over 180,000 smallholder farmers in 29 of Nigeria’s 36 states directly to off-takers—retailers and informal processors—eliminating costly intermediaries.
Its digital platform enables efficient aggregation, logistics, and direct payments, with plans to issue nearly 200,000 Verve cards to underbanked rural farmers, facilitating financial inclusion and credit access.
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The company’s CEO, Attai Riches, emphasized the mission:
“This funding is strategic towards further enhancing our technology infrastructure, making it more user-friendly, while advancing our data-driven approach in enhancing the farmers’ ability to access financially inclusive services like credit and insurance to increase productivity, while scaling operations to accommodate our expansion plans”.
Nigeria’s Role in Africa’s $1 Billion Startup Funding Surge
With its pre-Series A funding secured, Winich Farms is setting its sights on Series A funding to fuel expansion across Africa and into the MENA region. The company aims to become a continental leader in post-harvest agri-fintech, leveraging its technology and agent network to reach more farmers and markets.
Winich Farms’ success is part of a larger Nigerian and African tech renaissance. From January to May 2025, African startups collectively raised $1 billion, a 40% jump from the same period last year. Nigeria remains a powerhouse, producing unicorns like Interswitch and driving innovation in fintech and agri-tech.
Nigerian startups’ ability to attract global Series A funding and beyond has been crucial in helping Africa’s tech ecosystem reach this billion-dollar milestone, despite economic headwinds and shifting investor sentiment.
Also read: Africa to Launch Its Credit Rating Agency This September
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