Lagos, Lagos, Nigeria

Team size: 11 - 50

Sector: Other enterprise (non-climate)

About Zowasel

Founders: Jerry Oche, Oghenekome Umuerri

Founded date: 2019

Connect: zowasel.com

Company revenue: US$ < 1 million

Investors: Guinness Nigeria, MassChallenge Switzerland, Promasidor, SAIS

Company stage: Other

Zowasel is helping growers and agribusinesses solve the two deepest pain points in the agricultural industry: access to immediate working capital financing and market within 24 hours. Our solution is at the convergence of tech, finance, and agriculture. Launched at the Founder Institute Lagos, we’re raising funds to create Africa's first online commodity trading platform for grains and cash crops, we have built an alternative financial solution for growers and agribusinesses to grow their trade and improve their livelihoods. The Founder Institute portfolio company uses blockchain to secure an end-to-end transparent pricing and AI to significantly speed up loan process under 24hrs at a reduced rates, against banks that takes months to process loans. In return, Zowasel receives a commission of 5% for commodities sold on its platform and charges an interest rate of 5% on working capital loans disbursed.

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