Nigerian agritech startups supported by First City Monument Bank (FCMB) are preparing to expand into other African markets as part of efforts to scale homegrown agricultural technology solutions across the continent.
FCMB disclosed this in its AgriTech Alumni Impact Report, highlighting startups such as AgroCist and Crop2Cash as examples of Nigerian ventures with the potential to take their solutions beyond the domestic market.
The report traced the development of the bank’s agritech programme from its launch in 2018 to what FCMB described as its current “Impact Era”, which focuses on building commercially viable and investment-ready agricultural businesses.
Crop2Cash emerged as the inaugural winner of the programme with a USSD-based platform designed to improve access to financial services and tools for unbanked farmers.
Since then, the initiative has grown through partnerships with innovation hubs, development finance institutions and startup support organisations.
FCMB said its approach has also expanded beyond traditional lending, with greater attention being given to technologies such as weather data, soil information and other digital tools that can help farmers make better decisions, manage risks and improve productivity.
The bank also highlighted growing interest in climate-conscious agriculture and regenerative farming practices, as well as partnerships across the agricultural ecosystem aimed at strengthening food security and improving rural livelihoods.
Development partners supporting the programme include FMO, the Mastercard Foundation and the United Nations Development Programme (UNDP).
FCMB said it would continue investing in user-centred agricultural innovations capable of scaling beyond Nigeria and contributing to the development of Africa’s agricultural sector.
