Esoko restructures, splits into two new companies – Tulaa and Insyt

Esoko, a pioneering social enterprise in the field of mobile agriculture, is pleased to announce that it has restructured the company and spun-off its m-commerce and data collection businesses into two new companies. This new structure allows for greater focus and growth in divergent products developed by Esoko.

Tulaa, the new mobile commerce business, enables farmers to access inputs, finance, information and markets in a virtual marketplace. Incubated inside of Esoko and launched in Ghana in 2016 and Kenya in 2017, the solution uses mobile technology and mobile money to enable farmers to save and borrow to purchase inputs, receive tailored agronomic advice, and market their crops at harvest time. Headquartered in Kenya, Tulaa will focus on growing its market share in Ghana and Kenya initially and eventually expanding into other markets. Tulaa is led by Hillary Miller-Wise, the former CEO of Esoko Networks Ltd.

Insyt offers tablet-based data collection services to agencies seeking to target and serve rural communities. With powerful off-grid technology, and a well established methodology for deploying teams in the most remote communities, Insyt helps organizations convert from paper, thus reducing cost, time and errors in targeting beneficiaries and clients. Insyt focuses on social protection services and agricultural programs, and includes additional services such as payments, biometric verification and content delivery. Inyst is based in Ghana serving all of West Africa, and led by Daniel Asare-Kyei, the former MD of Esoko Ghana.

“The Board of Esoko Networks is excited about the new direction as it will allow the two companies to focus and grow,” said Charlotte Ward, Chairman of the Board of Esoko Networks. “We know that both companies will thrive going forward.”

Esoko Networks Ltd. will continue to support both Insyt and Tulaa as a shareholder.