Farm Quest by WBT Farms

Background

Farm Quest, a flagship investment platform owned and managed by WBT Farms Limited, connects individuals and institutions to high-yield farming opportunities across Africa. With its headquarters in Lagos and operations spanning multiple regions in Nigeria, Farm Quest has garnered recognition for its innovative models that fund sustainable agriculture while delivering competitive returns to investors.

As WBT Farms’ investment portfolio expanded, so did the complexity of managing contributions, tracking returns, and maintaining transparency with investors. To meet the demands of its growing global investor base, the company recognized the need for a robust, user-friendly platform that offered real-time insights, efficient fund management, and compliance with international financial standards.

Problem Statement

WBT Farm faced significant challenges in managing its growing pool of investors and investment funds:

1. Manual and Fragmented Processes: Relying on spreadsheets and standalone tools made tracking investment contributions, distributions, and overall fund performance cumbersome and error-prone.
2. Limited Transparency for Investors: Investors lacked a centralized portal to monitor their investments, reducing engagement and trust.
3. Complex Accounting Needs: Farm Quest required a system with double-entry accounting capabilities to manage its financial records in compliance with global standards.
4. Payment Barrier: With investors from various regions, the lack of integration with payment gateways hindered efficient fund transfers.
5. Scalability Challenges: As the number of investors and projects grew, existing systems could not support the increased demand for automation and reporting.

Project Objective

WBT Farms wanted Agatehills to design and develop an innovative Investment Platform for them that:

1. Streamlines investment processes with double-entry accounting for accurate and transparent financial management.
2. Provides investors with a secure, real-time interface to monitor portfolios, track returns, and receive updates.
3. Facilitates seamless fund contributions and disbursements through integrations with global payment gateways.
4. Supports Farm Quest’s growth trajectory with a scalable and efficient solution.

Services Provided

• Enterprise Application
• Custom ERP Solution
• Custom Third Party API Integration
• Frontend Development
• Backend Development

Deliverables

• Comprehensive Investment Platform: A centralized system with automated investment tracking, double-entry accounting, and financial reporting.
• Investor Engagement Portal: A user-friendly interface for investors to monitor their portfolios, track earnings, and stay informed about their investments.
• Payment Gateway Integration: Seamless connectivity to platforms such as PayStack, Flutterwave, and others to enable efficient local and international transactions.

Results

We successfully delivered the Farm Quest Investment Platform  that delivered the following transformative outcomes for WBT Farms, positioning the company as a leader in agricultural investment.

1. Operational Efficiency:

   • Automated tracking of contributions, distributions, and returns significantly reduced manual workloads and minimized errors.
   • The integrated double-entry accounting system ensured financial accuracy, compliance, and audit readiness.

2. Investor Transparency and Engagement:

   • The Investor Engagement Portal provided real-time insights into portfolio performance, fostering trust and enhancing user satisfaction.
   • Automated notifications and reports kept investors informed and engaged, creating a seamless experience.

3. Payment Integration and Efficiency:

   • Integration with leading payment gateways like PayStack and Flutterwave facilitated smooth transactions for investors across multiple regions.
   • Support for local currency payments and secure fund transfers enhanced accessibility for a diverse investor base.

4. Scalability and Growth:

   • The platform’s scalable design enabled WBT Farms to onboard more investors and manage a growing portfolio of farming projects with ease.
   • Reduced processing times allowed the team to focus on strategic growth initiatives and expanding investment opportunities.

5. Global and Local Trust:

   • The platform’s robust architecture and transparency features strengthened investor confidence, attracting both local and international participants.

 By leveraging advanced automation, seamless payment integration, and intuitive design, WBT Farms enhanced its reputation as a reliable and forward-thinking investment partner. This project not only addressed immediate operational inefficiencies but also laid the foundation for sustainable growth, fostering trust and engagement with investors from across the globe.