Crowdyvest, a Lagos-based investment company has exited EMFATO Holdings to follow up on the new investments into the startup to grow as a digital savings company in Nigeria.
This was announced today by EMFATO Holdings (owners of Farmcrowdy, a global agritech company and investors in Plentywaka, a technology-driven bus hailing platform)
Until today, Crowdyvest was one of the portfolio companies of EMFATO Holdings.
Launched in July 2019, Crowdyvest has onboarded more than 10,000 members who have leveraged the impact-driven platform to sponsor projects in Agriculture, Transportation, Health, Real Estate and Education sectors.
Also read, Farmcrowdy launches Crowdyvest to increase Avenue for Economic Growth in Africa
Previously led by its Co-founder & CEO, Onyeka Akumah, Crowdyvest today has made changes to its management, appointing Tope Omotolani as its new CEO. This new appointment is also coming with the company’s new investment.
As explained by the erstwhile CEO, the change of leadership will not affect the company’s management and staff as they all remain at the impact-driven company, however, Crowdyest will see changes to its mode of operation.
Under the new leadership of Tope Omotolani, the one-year-old impact-driven startup is poised to set a new horizon by becoming a leading digital wealth and savings management company focused on a closed-community savings model.
In the words of Onyeka Akumah, “I have taken this decision to move on as the CEO of Crowdyvest as a result of the new investment in the company which provides opportunities for proper scale in the coming months.
Today, Crowdyvest will also exit fully from EMFATO Holdings and we are very happy about the new investors and to see how Tope will lead this business to new heights.
Now, I can focus my energy on leading Farmcrowdy and Plentywaka as CEO of both companies into new markets in 2021.
Tope is a strong and amazing leader and I see her leading Crowdyvest to become one of the go-to wealth management and digital savings companies in Nigeria within the next 3-5 years with her team.
I wish her all the best and will continue to advise them on their journey when needed’’.
This change will see Crowdyvest shift its focus away from being an open crowdfunding platform.
The impact-driven company is transiting fully into the fintech industry with the launch of the Crowdyvest Savings Platform which gives savings options to more than 10,000 of its subscribed users.
The Crowdyvest savings platform will offer its users options of plans to help create a savings culture that is completely dependent on their pace as this will drive the attainment of their life goals at a faster rate.
Crowdyvest led by Tope Omotolani as a fintech company is set to become Nigeria’s leading savings platform.
Previously, Farmcrowdy has worked alongside the company in crowdfunding farming projects.
However, this change will see Farmcrowdy fully exit the crowdfunding space, thus Crowdyvest commences its operations as a closed-community model for savings.
The new savings platform has been launched with three new products which are: Flex Savings, Vault Savings, and Pace Savings.
These savings platforms have tailor-fitted unique features and benefits for all categories of individuals including the Millenials, Gen Z, Gen X, and Baby Boomers.
Users of the savings platform are set to enjoy the following:
- High-interest rates from 12.5% to 15%
- Zero bank charges
- Plans tailored for everyone
- Effective and prompt customer service
Featured Image: Tope Omotolani, new CEO, Crowdyvest (Left), Onyeka Akumah, CEO, Farmcrowdy (Right)
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