Ghana: Acumen backs agritech startup Wami Agro
Wami Agro provides a bundled package of tech-enabled solutions that increase incomes for smallholder farmers.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
Acumen has invested in Ghanaian agritech startup Wami Agro.
Wami Agro provides a bundled package of tech-enabled solutions that increase incomes for smallholder farmers. These solutions fall into three comprehensive services:
Wami Market: Through its truck fleet, Wami collects aggregated produce, transfers it to its warehouses, sorts and packs products, and provides outbound logistics to buyers. The “Pukpara” platform streamlines and improves these operations, providing smallholder farmers a fair price and guaranteed access to both domestic and international markets.
Wami Credit: A proprietary digital platform that includes credit scoring for village savings and loan associations (VSLAs) to improve access to financing — facilitating access to seeds, fertilisers, and mechanical equipment on credit.
Wami Info: Capacity-building initiatives that empower farmers with knowledge, resources, and climate-resilient farming practices.
Since its inception, Wami Agro has built a network of over 14,000 smallholder farmers who focus on crops such as rice, maize, soya, and sorghum. The company also collaborates with approximately 50 aggregators and producers and sells over 5,000 tonnes of grains.
Wami Agro will utilise Acumen’s investment to scale its operations, expand sourcing to neighbouring countries such as Sierra Leone and Burkina Faso, and roll out its proprietary digital farm management platform, Pukpara.
“This strategic investment from Acumen will enable us to expand our reach, enhance our technological capabilities, and continue to drive positive change in the food and agricultural industry in Ghana and beyond,” said Caleb Edwards, founder of Wami Agro.
“Wami Agro represents the type of innovative, technology-driven enterprise that can fundamentally reshape agricultural ecosystems,” says Babatunde Usman, an investment manager on Acumen’s West Africa team. “Their commitment to smallholder farmers aligns perfectly with Acumen’s values, and we are excited to support their efforts to create sustainable agricultural impact at scale.”