1. Give us your elevator pitch.
On Ari.farm you can buy, own and sell livestock such as camels, goats and sheep from your smartphone. We are giving access to Africa’s livestock market (currently active in Somalia and expanding soon to Kenya) to global investors who are looking for alternative and impactful investments. We enable our global users to become digital livestock farmers and to trade animals in the local livestock market from their smartphone. On the ground we are making a real social impact by creating jobs for former nomads and improving the livestock market.
After quitting my job at the UN in 2016, I used my last salary to finance the start of the company.
3. If you were given US$1m to invest in your company now, where would it go?
If we got $1m it would go in developing our physical and software infrastructure. We will invest in building more camel farms and expand the distribution of fresh camel milk beyond Somalia. We would also use it to improve our technology to increase the efficiency of our operations and grow our global user base.
4. What risks does your business face?
The major risk we face is droughts, which is exacerbated by climate change. Access to quality livestock feed is also key. In addition, since our users come from all over the world, we have also faced challenges with access to financial institutions as many international payment providers don’t value Africa-based businesses.