Bioloop harnesses a simple solution to future-proof Nigeria’s food systems.
Bioloop is a bio-refinery that creates sustainable, closed systems to produce essential food value-chain products through the bio-conversion of organic waste.
Products used
- Sub accounts
- Invoices
- Recurring payments
Nigeria
Agriculture
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Challenge
Bioloop is driven by big ambitions to revolutionise Nigeria’s food, waste and energy systems using a cost-effective solution - the black soldier fly. They have designed a bio-refinery that turns waste into wealth for smallholder farmers. This works in two ways: when the black soldier fly larvae are fed organic waste, they mature quickly and contain a high protein content, which makes them nutritious animal feed and a cheaper alternative for farmers. In the feeding process, they break down organic matter and leave behind a residue that serves as an organic soil amendment. Bioloop's primary operations run on a production site in a low-developed area in Nigeria. As such, efficiency and access to reliable banking services is critical to their mission and bottom line.
Solution
Bioloop wanted a digital banking solution that will optimise their efficiency and support quick transactions whilst on-site. They chose Brass for reliable service, accessibility on the go through our mobile app, a smooth user experience, quick support features, automated services and ease of group banking with a growing team.
Results
Brass helps Bioloop automate services and save time through recurring payments. Bioloop also empowers their employees to run operations on-site and handle payments using sub-accounts. Bioloop is able to automate services and save time on administrative tasks through the recurring payments feature. Bioloop also empowers their employees to run operations on-site and handle payments using sub-accounts. Bioloop's process includes providing import substitution on animal feed products such as soy, fish meal and maize, which helps to lower costs and increase profit margins for smallholder farmers. With Brass as a dependable financial partner, Bioloop can confidently expand their production within rural areas and integrate their waste processing systems with larger numbers of farming communities.
“I’m always looking for ways to optimize productivity and efficiency so once I saw Brass, a digital corporate banking solution, it was pretty easy to start using, and the onboarding process made it a lot easier. It’s a pretty straightforward experience, which has definitely saved us a lot of time and stress.”
Bomi Fagbemi
Founder, Bioloop