College Friends Created a Crowdfunding Platform That Helps Smallholder Farmers Raise Financing with Seyram Kofi Mantey + Eugene Ofori Asiedu S2 Ep.9
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Seyram Kofi Mantey (CEO) of Kwidex is a young, energetic, and consummate entrepreneur experienced in running small businesses ranging from branding, lending, imports, and crowdfunding. Eugene Ofori Asiedu (CTO) is a computer science and software developer experienced in building applications. Seyram and Eugene came together to create Kwidex, Ghana\'s biggest agricultural crowdfunding platform that gives everyday people an opportunity to own part of the value in agriculture.
Key interview highlights:
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- KWIDEX was launched with a $10,000 grant from VAI global. KWIDEX is a crowdfunding platform for agricultural SMEs that is helping to solve the financing problems in the agricultural sector. It links farmers and agribusiness to investors and gives funding opportunities to novice investors who are interested in making a return on investment and impacting the agribusiness sector. \\n
- KWIDEX is a commission-based model that generates revenue by charging 10% on investments made via the platform and has so far had over $500,000 in transactions. \\n
- The KWIDEX platform is open to investment from anyone in any part of the world. Projects on the platform can be funded via mobile money and bank transfer. Investors could make a profit of 15-30% between 3-12 months of investment. \\n
- Over 2,500 farmers have already benefited from the platform. The KWIDEX fundraising goal is to raise $100,000 via investors for 10% equity. \\n
Thanks for joining us for another episode of the WTF podcast.
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Guest Social Media: LinkedIn: Seyram Mantey; Eugene Asiedu
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