Complaint Review: Thrive Agric

Thrive Agric is a Y Combinator funded startup that solicits funds via crowdfunding to sponsor small-scale farmers by starting up farms all over Nigeria. 

After a successfully, completed farm cycle, the proceeds are sold and investors are paid back their initial investment with an additional fixed return in investment. 

I have investments that matured this September and some that will be maturing in October through to December. A few weeks to my maturity date, Thrive Agric contacted me that my payment will be delayed due to issues they were having with their off-takers. They promised that they will release an official statement to that effect with modalities on how to pay back investors.

However, once my maturity date passed, all effort to contact Thrive Agric has been futile. I have seen no statements from them. They are not responding to my emails or chat. Protests on Twitter has been going on for weeks now in the form of the hashtag: #ThriveAgricPayYourInvestors.

Despite everything, Thrive Agric has completely gone incommunicado which makes me doubt the "offtaker" story even more. 

So, I am calling out THRIVE AGRIC, founded by Uka Eje and Ayodeji Arikawe, as a FRAUD until they do the right thing and pay me back.