Thrive Agric, the Nigerian digital agriculture/investment platform has announced that it has fully completed payments due to all the crowd funders on its platform.
This was revealed in a statement posted on its social media pages.
It reads: “We are happy to announce to you all that Thrive Agric has fully completed all payments due to all the crowd funders on our platform. We say a big thank you to all our subscribers for their patience and understanding through this difficult period.
“Thank you for your support and for trusting us with your funds. We also thank all our partners for the immense support and backing they gave us throughout the storm.
“Our focus remains unshaken in our mission to support local farmer communities in Nigeria and ultimately create an Africa that feeds itself and the world.”
The completion of payments will come as a welcome news to both subscribers and Thrive Agric investors.
The agrictech startup and Ventures Platform portfolio company had been called out on social media last year for delaying payment to subscribers.
Responding to them, Thrive Agric founders Uka Eje and Ayo Arikawe said the delay was the unfortunate outcome of the COVID-19 pandemic.
Despite the re-assurances by Thrive Agric, the pressure grew on the startup to meet its own payment deadlines. Consequently, Uka Eje stepped aside for Adia Sowho to become the interim CEO.
Sowho’s main responsibility was to guide Thrive Agric through a turnaround exercise so that it survives the effects the COVID-19 pandemic has had on the business.
With this news of payment completion, Sowho, has no doubt achieved her mission at Thrive Agric.
Besides, the efforts of Ventures Platform, a pan – African early-stage fund focused on supporting post MVP teams to grow their startups, must be recognised as it worked behind the scene to ensure that ALL subscribers are paid and the reputation of Thrive Agric restored.
