First City Monument Bank (FCMB), in collaboration with the Dutch entrepreneurial development bank (FMO) and HeaveVentures, has successfully concluded the FCMB AgriTech Hackathon 2025, an initiative designed to accelerate innovation, sustainability, and digital transformation within Nigeria’s agricultural value chain.
The hackathon convened seven emerging startups from across the agritech ecosystem, each presenting technology-driven solutions aimed at addressing critical challenges in the sector. Following multiple rounds of intensive pitching and expert mentorship, Qiqi Farms emerged as the overall winner, while Farm Monitor and Tuplant secured second and third place, respectively.
In addition, Llyon Farms, AgriX, Freshfare, and PalmShops were each awarded a ₦1 million consolation grant in recognition of their innovative contributions.
Speaking at the event, Kudzai Gumunyu, Divisional Head, Agribusiness and Non-Oil Exports at FCMB, emphasized the bank’s strategic commitment to strengthening Nigeria’s agritech landscape.
“This hackathon reflects FCMB’s dedication 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,” he said.
Also commenting, Abiodun Lawal, CEO of HeaveVentures, highlighted the importance of cross-sector collaboration. “This hackathon demonstrates the power of partnership between financial institutions and the tech ecosystem. We are proud to see startups developing solutions capable of redefining productivity, sustainability, and food security across Africa,” he noted.
The FCMB AgriTech Hackathon 2025 reinforces FCMB’s long-term commitment to advancing Nigeria’s food security and digital economy through innovation, strategic partnerships, and access to sustainable finance.