Ugandan fintech startup, Agro Supply has emerged as the winner of this year’s Seedstars Kampala pitch event. Agro Supply’s platform enables smallholder farmers to save money for agricultural inputs. The company beat 10 other startups that pitched at the event that was held in the Ugandan.
The startup will next year represent Uganda at the global Seedstars Summit in Switzerland where it stands to win up to $1-million in equity investments.
Agro Supply was founded in 2016 by CEO Ogwal Joseph, who is also a 2017 graduate of the Tony Elumelu Foundation programme.
In addition to helping startups save for agricultural inputs, the startup also offers agricultural extension services and helps its users access markets for their produce.
The startup claims on its website that it has recorded a 50% to 100% increase in harvest yield per hectare from some of its farmers. Agro Supply also claims to have worked with 18 000 farmers. In addition, the startup is projected to supply up to 50 metric tonnes of seed by the end of the year.
Digital asset exchange and crypto agent network CoinPesa was placed second, while fresh food delivery service Bringo came in third.
A panel comprised of Innovation Village team leader CK Japhet, Ensibuuko founder Otim Gerald, Leapfrog Ventures founder CEO Takuma Terakubo and Seedstars East Africa associate Maryam Mgonja presided over the event.
Seedstars World’s next African pitch event is set to be Seedstars Dakar next Friday (7 September).
