Agriarche receives ₦2.5bn credit facility at Cascador Pitch Day
The Nigerian agritech company was the programme’s largest funding recipient.
Agriarche received a ₦2.5 billion debt facility at Cascador Pitch Day in Lagos on June 3. The financing was awarded through the Catalytic Fund programme, which pairs Cascador’s support with lending from Sterling Bank.
The company connects farmers with processors, aggregators and exporters. It plans to strengthen working capital and fulfilment infrastructure, including logistics for sourcing agricultural commodities across northern Nigeria.
Use of funds
Working capital
Agricultural fulfilment and logistics