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Farmcrowdy and it's subsidiaries
Farmcrowdy was given an umbrella name, Crowdyvest about a year ago under the company, EMFATO Holdings but Crowdyvest has left the parent company.
READ ALSO: Has Leadway Assurance Dug Grave Of Farmcrowdy, Farmsponsor, Groupfarma?
EMFATO made it known on Wednesday after it announced that it will be investing in PlentyWaka -- a startup in the transport sector to compete with Uber and OBus -- a development to Crowdyvest's new Investment allowing it to grow Into a full digital savings company in Nigeria. Plentywaka describes itself as Nigeria's first bus-hailing app that offers commuters comfort, safety, and convenience in their daily rides
Onyeka Akumah, co-founder and Chief Executive Officer of Farmcrowdy also announced a change in the management's leadership but assured the staff and the public that it will not affect the staff and operations of the startup.
"The one-year-old startup will set its sights on becoming a leading digital wealth and savings management company focused on a closed-community savings model under Tope Omotolani’s leadership," Akumah said.
Temitope Omotolani, new Crowdyvest CEO
An all-new Crowdyvest led by Temitope Omotolani will enter the Fintech industry fully with the launch of the Crowdyvest Savings Platform which gives savings options to over 10,000 subscribed users.
"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," Akumah noted.
“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,” he concluded.
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