Meet Requid, a Nigerian Fintech Startup that Lets You Invest in Agriculture and Cash Out at any Time
Newcomer, Requid, like other agro-tech investment startups, provides investors (individuals & businesses) access to aggregated investment opportunities across Africa.
However, to give them an edge over other investment platforms, Requid seeks to add more flexibility to the process. They are introducing features that allow investors sell their stock and cash out before maturation.
Founder, Felix Imafidon, wants to help power the future of investment through technology.
Requid offers access to investments in multiple and carefully selected agrotech companies like Agropack, Farm Sponsor and Agropartnership to users once they sign up using both their email and phone number.
Once registered either via the mobile app or web, users can visit the platform’s market place to select investments they wish to buy units in. Investors can buy units as low as N5,000.
Investors will have to fund their personal wallet, which is accompanied by a Requid bank account number, to fund their investment. A user’s investment is available on their personal portfolio for them to monitor as their investment grows.
It also allows users to manage all their agro investment in one place. According to Requid, investors can earn up to 60% cumulative return on investments annually, with the option of liquidating (selling) at any time.
With Requid’s aggregated investment, Nigerians have the opportunity to invest in a range of products like cashew, lemongrass, seasame seeds, catfish poultry, and beetroot.
Despite being young in the game, Requid has already been recognised as one of the most bankable startups in the county. The investment startup recently emerged winner of the NSE first X-Kathon competition, winning the grand prize of Five Million Naira (N5,000,000).
So far, Requid currently operates only in Nigeria but according to its mission statement, the investment startup intends to extend its aggregated investment opportunity across Africa
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