Company Overview
Allows agribusinesses to convert their financial documents into NFT, and access liquidity on DeFi infrastructures.
Company History
Farmbit was founded in 2020. Public founder information in the source set points to Daniel Nicholas. Its latest captured funding/news event in the source set was in 2021, recorded as Seed.
Key Facts
| Country | Nigeria |
| Founded | 2020 |
| Founders | Daniel Nicholas |
| Sector | Fintech |
| Operational Status | Status unverified |
| Latest Round | Seed, 2021, $0.24M |
| Total Disclosed Funding | $0.24M |
| Website | https://farmbit.ng/ |
Business Model
Farmbit appears to operate a product-led business model in the Fintech sector. Based on public descriptions, it generates value through technology-enabled services, software, marketplace access, operations, or financial infrastructure.
Products and Services
- Digital payments
- Banking or treasury tools
- Merchant or API infrastructure
- Embedded finance
Funding and Market Position
Public deal records in the source set show 1 disclosed funding event(s), with about $0.24M captured in total. The most recent event is recorded as Seed, 2021, $0.24M.
Contact Information
The most reliable public contact channel in the source set is the official website: https://farmbit.ng/. Public phone numbers and public support emails were not consistently available at scale, so the website/contact form is the best public route.
Company Location
Operational Status
Older public sources were available, did not independently confirm whether the startup is still operating. Status recorded here is a best-effort assessment as of March 21, 2026.
Why This Startup Matters
As a Nigerian startup in the Fintech space, Farmbit matters because it addresses local market problems with a scalable digital product or operational model.
Sources
Related Startups
- Mono
- Kredete
- VertoFX