We are thrilled to announce that Coamana has secured a USD 500K investment from Village Capital’s Reducing Inequalities Investment Facility. This funding will enable us to digitize trade across markets in Africa, boosting financial inclusion and empowering farming communities.
With the backing of Village Capital and FMO’s MASSIF Fund, Coamana joins a distinguished group of startups dedicated to delivering innovative financial solutions to underserved communities. This investment reflects our mutual commitment to advancing agricultural market systems in Africa. It is not just a milestone, but a catalyst for growth and profitability, ensuring that we effectively serve markets within a robust business model.
Hafsah Jumare, our Co-founder and CEO, shares her thoughts on this pivotal investment:
“This investment is a turning point for Coamana. Village Capital has been a steadfast partner, journeying with us from Nigeria to Kenya and understanding the communities and markets we serve. Their support is both energizing and validating.”
Kavon Badie, Investment Officer at Village Capital, comments on our shared goals:
“We chose to invest in Coamana because of their innovative approach to leveraging existing market structures. They help farmers and traders, who are often excluded from traditional financial systems, access essential credit and information. This investment aligns perfectly with our fund’s purpose of fostering financial inclusion and reducing rural inequality.”
Alfred Olajide, Co-founder of Coamana, adds:
“I’m thrilled about this partnership with Village Capital. Their investment not only supports our mission but also drives our efforts to revolutionize agricultural trade in Africa. Together, we’re building a future where every farmer has access to the tools, information, and markets they need to thrive. This is more than an investment – it’s a commitment to lasting impact and reducing inequalities across the continent.”
As we move forward, we remain dedicated to advancing informal agricultural markets with our unique technology. Our focus is on enhancing traditional agriculture markets to ensure their ongoing improvement and long-term success. This partnership with Village Capital marks the beginning of the next phase of our growth, and we are excited to continue driving economic growth and promoting sustainability in farming communities in Nigeria and Kenya.