FCMB, FMO, HeaveVentures power new wave of AgriTech Innovation

First City Monument Bank (FCMB), in collaboration with the Dutch entrepreneurial development bank (FMO) and HeaveVentures, has concluded the 2025 edition of the FCMB AgriTech Hackathon, an initiative designed to fast-track innovation, sustainability, and digital transformation within Nigeria’s agricultural value chain.

The event convened seven emerging startups from across the agritech landscape to showcase technology-driven solutions addressing critical sector challenges.

After several rounds of pitching and expert mentorship, Qiqi Farms emerged overall winner, with Farm Monitor and Tuplant taking second and third positions. Llyon Farms, AgriX, Freshfare, and PalmShops each received a N1 million consolation grant in recognition of their innovative contributions.

Speaking at the event, Kudzai Gumunyu, Divisional Head, Agribusiness and Non-Oil Exports at FCMB, said: “This hackathon reflects FCMB’s commitment to nurturing innovation and supporting the next generation of agritech entrepreneurs. By connecting startups to funding, mentorship, and markets, we are helping transform Nigeria’s agricultural sector into a digitally driven, globally competitive industry.”

Also commenting, Abiodun Lawal, CEO of HeaveVentures, stated: “This hackathon demonstrates the power of collaboration between financial institutions and the tech ecosystem. We are proud to see startups developing solutions that can redefine productivity, sustainability, and food security across Africa.”

The conclusion of the FCMB AgriTech Hackathon reaffirms the bank’s broader mission to strengthen Nigeria’s food security and digital economy through innovation, strategic partnerships, and access to sustainable finance.