Farmers in Nigeria struggle to increase yield, tore produce, get their goods to market on time, and secure a fair price for their produce. This is the problem Agrilet is trying to solve through its platform for microfunders to invest in farms and food-processing related projects. Agrilet is giving farmers access to a larger market, machineries, and thus improved farm inputs, and to microfunders, impressive return-on-investment, fulfillment of dreams, and thus an increased alternative source of income. The agricultural platform is targeting the $24.7 billion market in Africa, starting with Nigeria as its point of entry. Some of its competitive edge over existing market players, include a dedicated personal assistant for investors, farm assistants for farmers, and providing farmers with a truck delivery service and better market price information. The platform was founded by brothers, Victor Yunusa (CEO) and David Yunusa (C00) on May 2018, and launched March 1, 2019.
