Cjbros:
My Experience with theMap:
I started investing with them since January this year. I did the 580k bike delivery plan
So far, they haven't defaulted in paying my roi latest Tuesdays.
Their CEO is very sincere and open. Infact, when I was about investing earlier this year, he picked my call and explained to me plainly what they do, how they operate etc but lately because of expansion customer care agents now responds clients/investors which I think the CRMi plan is for. The guy is filled with so much ideas. And his modules are workable.
Only issue I had was last of an unpaid ROI, which they apologized and writing a mail and payments was made within an hour.
Currently, I also subscribed to their CRMi plans. Also, intending to invest in the location plan.
I intentionally allowed my bike plan too run this long b4 reinvesting. I've recouped my capital and so far made 50% on it. I've tested all there is in them. Planning on stepping it up

GhostderGeist:

You know you can stop tryna force your opinion down people's throats! One wants to invest his money in a biz, he went for his DD, he finds out they lack strong SM presence as he would have preferred and he shared his findings with his fellow prospective investors. So, TF is all the rambling you wrote up there?! Where in the shared findings put out here did you read that they were projected as scam or you read their image tryna be tarnished?!

Always choose your words wisely, "wisdom is profitable to direct". Don't know when it becomes a scam sharing a research findings without mincing words!

Why don't you attend to the chats with the employee also since you here on their behalf to clarify controversies?! It seems you either an affiliate of theirs or you just tryna unnecessarily condescend.
**********************************************************
Here attached some excerpts from the employee, pay attention to the bolded. What you have to say about all that? Never mind, it don't matter!

[24.8., 7:13 nachm.] Ghost: So, may I ask how the funds are being utilised and are there ways one could see what the funds being invested in?

[24.8., 7:15 nachm.] +234 701 218 8424: We as an organization are giving our client to opportunity to invest in our business and this capital are use to fund some aspect of our business

[24.8., 7:17 nachm.] Ghost: You mean the safety business? I could see your online presence is yet to be felt, how do you guys then do your business successfully? Could you provide more insight to that pls if you may?

[24.8., 7:21 nachm.] +234 701 218 8424: Yes please, we have an outstanding online presence sir.
We sell safety equipment and medical items.
We also train organization on fire evacuation. We install fire equipment and certify our clients as by the right given to us by the Lagos state government.

We do fumigations and cleaning, we deal with Horticulture...

[24.8., 7:22 nachm.] +234 701 218 8424: We are currently safety spokemen for two states in Nigeria

[24.8., 7:23 nachm.] Ghost: What states are those please and any means to confirm the assertions please?

[24.8., 7:25 nachm.] +234 701 218 8424: Your funds will be well utilise Sir and your lawyer can come with you to view the file before you sign.

[24.8., 7:27 nachm.] Ghost: I understand and I appreciate the responses but if you may, just as part of my due diligence, could you tell me the 2 states you made mention you guys are spokemen for and how I can confirm that? Thank you pls

[24.8., 7:28 nachm.] +234 701 218 8424: That does not have anything to do with our investment plan.....

[24.8., 7:28 nachm.] +234 701 218 8424: Our investment plan is used for this part of our business sir

[24.8., 7:28 nachm.] Ghost: Is the info confidential?

[24.8., 7:28 nachm.] +234 701 218 8424: Yes sir

MummyIMadeIt:


ok will do so, thanks.

"Payments are paid monthly for crmi so after the 30days if your payment is close to the end of the month you will get paid at the end of the month but if your 30 days gets to a new month you will have to wait for the end of that new month to get your ROI"

This was the explanation given, hope it helps...

As it's written, for an investor to get his/her ROI (60k) at the month end such has to invest towards month ending, but otherwise means you will have to wait two months to get 120k at the months end

mine85:


Their website?

GhostderGeist:
@spiceeamiee

Quite typical, I'm not disappointed. You gon be fine, las las at least.

MummyIMadeIt:


Go back a page or so for this information

MummyIMadeIt:


ok will do so, thanks.

"Payments are paid monthly for crmi so after the 30days if your payment is close to the end of the month you will get paid at the end of the month but if your 30 days gets to a new month you will have to wait for the end of that new month to get your ROI"

This was the explanation given, hope it helps...

As it's written, for an investor to get his/her ROI (60k) at the month end such has to invest towards month ending, but otherwise means you will have to wait two months to get 120k at the months end

Reconciled:


Please does anyone know when the CRMi investment will close? I tried contacting theMap directly to find out but could not reach them.

Highlyfavoured3:
I have checked again but still confused. You said the space was left blank. So, at what point did you indicate your interest in CRM?

spiceeamiee:
Typical about what? Have i had any interactions with you prior to today? Next time learn to have conversations civilly like the adult i assume you are. Dont go about insulting or using swear words on someone that hasnt done same to you. Shalom.

MummyIMadeIt:


During registration after payment using this site https://www.themap.ng/crmi

spiceeamiee:
I appreciate this thread and I like the fact that we are all trying to diversify our portfolios. However when we say due diligence, please really do it. The statements made about Green safety does not sit right with me. I am not an investor but I did check them out way before now cos I talked about them in the Agric thread. A cursory look at their website shows their client base. I went to their office in Ikeja. They occupy the whole building and they provide safety equipments to lots of airlines. Someone said their presence on SM is not active so how do they get their customers. Please how did people survive before social media? With their line of business, most of their clientele will not be gotten from social media. I just started actively running my business on social media during the lockdown. However it has been in existence for over 3 years and not a month has gone by that we did not net over a million Naira so do you think I will come and kill myself because of social media business?? Let’s be careful about our sayings please. These are people’s hard earned business reputation and it’s easy to destroy things without proof these days not minding the hard work that goes into it.

Also for those doing the map CRM, hope they told you(and you asked very well) that your waiting period is actually 60days and not 30days. 30 days normal waiting period is for all investment, then CRM will wait another 30days to be paid after your CRM person has started earning so if you invested this month, you will start earning in October. Don’t come and say they are scam if they don’t pay you after 30days. It’s why I said ask questions. Ask everything you don’t understand. It’s your money you are sending on an errand. You deserve to know where it’s going.

spiceeamiee:
No one is saying a strong social media presence is not importance but hinging the genuineness of a business based off of social media alone is what i have a problem with and they way OP spoke, just seemed to say he did not trust them because they did not have a strong SM presence.

I was the one thag actually made those comments about DIVA rice and that was after i did my due diligence last year and invested even before i knew about agric tech crowd funding.

spiceeamiee:
I appreciate this thread and I like the fact that we are all trying to diversify our portfolios. However when we say due diligence, please really do it. The statements made about Green safety does not sit right with me. I am not an investor but I did check them out way before now cos I talked about them in the Agric thread. A cursory look at their website shows their client base. I went to their office in Ikeja. They occupy the whole building and they provide safety equipments to lots of airlines. Someone said their presence on SM is not active so how do they get their customers. Please how did people survive before social media? With their line of business, most of their clientele will not be gotten from social media. I just started actively running my business on social media during the lockdown. However it has been in existence for over 3 years and not a month has gone by that we did not net over a million Naira so do you think I will come and kill myself because of social media business?? Let’s be careful about our sayings please. These are people’s hard earned business reputation and it’s easy to destroy things without proof these days not minding the hard work that goes into it.

Also for those doing the map CRM, hope they told you(and you asked very well) that your waiting period is actually 60days and not 30days. 30 days normal waiting period is for all investment, then CRM will wait another 30days to be paid after your CRM person has started earning so if you invested this month, you will start earning in October. Don’t come and say they are scam if they don’t pay you after 30days. It’s why I said ask questions. Ask everything you don’t understand. It’s your money you are sending on an errand. You deserve to know where it’s going.

TokyoBulls:
This bolded part is not true. Waiting period is 30 days not 60 days. I have 110 units of CRM and I am in constant touch with their employees. I still confirmed today from one of their managers.

Highlyfavoured3:
Please I need help on getting the contact number for the MAP.

Highlyfavoured3:
Your risk tolerance level is quite high, 110 units for testing an investment platform!!! Does the background check you did suggests they are 100% legit?

TokyoBulls:
I tested with 10 units of small business plan (Location) from May to August 2020 before investing in 20 units of same small business plan in August and 110 units of CRM. I agree it's quite risky but look at the positive side. I also interact well with their managers, their riders and clients and believe their business at the moment will deliver the short term returns they offer. When they reach saturation points, they should know.

TokyoBulls:
This bolded part is not true. Waiting period is 30 days not 60 days. I have 110 units of CRM and I am in constant touch with their employees. I still confirmed today from one of their managers.

Epignosis19:

Good evening all. Actually, it was a debate some weeks ago about the waiting period and every assertion written was true.

But because themap didn't spell it out, there were some sort of confusion whether it'll be 30 day or 60 day waiting period as explained above.
The PR Manager confirmed the initial 30 days waiting period has been removed and investors get their ROI the Monday following 30 days.

Apparently, everything written by the person I quoted was true until the waiting period was removed.

Cheers!

emmanuelewumi:



But the rep said the states they are currently serving could not be made public. They should be able to mention the current Organizations they are serving with proofs

Will my investment be affected if I liquidate my investment before maturity?
Your investment will not be affected as you will be paid back your principal investment. However, interest is earned quarterly for Fixed deposits. If you make a withdrawal of an investment before interest has been earned, you will forfeit any interest accrued for your Fixed deposit investment. As such, we recommend holding your investment until maturity to earn your full interest

enigmatique:
Notes on PayvestCarbon

- About the company/product
-- It’s a feature of Carbon a.k.a Paylater. It’s NOT the Payvest owned by Cosmotran.
-- Carbon is not an unknown entity, and that gives PayvestCarbon some credibility.
-- Furthermore, Carbon and PayvestCarbon are products of a company called One Finance & Investments Limited. One Finance is regulated by the Central Bank of Nigeria, as can be confirmed here: https://www.cbn.gov.ng/Out/2020/FPRD/FC311219.pdf
-- However, I can’t see evidence of that registration on a PAGE of CBN’s website itself, as opposed to a PDF file from CBN’s website that was created on 31st, December 2019, as is the case with the PDF above. Why? Have they been deregistered or something? Or just CBN’s clerical error? I can’t see their name in this page’s list of finance/fintech companies in Nigeria https://www.cbn.gov.ng/Supervision/Inst-FC.asp or in this list of fintech companies in Nigeria https://www.cbn.gov.ng/Functions/export.asp?tablename=FinancialInstitutionsFC in this list of ALL financial institutions in Nigeria: https://www.cbn.gov.ng/Functions/export.asp?tablename=FinancialInstitutions
-- They operate in both Nigeria and Kenya.
-- They claim that "This service (Carbon) is provided by One Finance & Investments Ltd (RC. 1044655), a licensed and regulated finance company”.
-- They published their financial report for 2019, which is an impressive thing for a Nigerian company to do: https:///carbon2019report
- Interest rate offered: Interest ranges from 12.5 to 15% per annum. (NB: there’s a 10% withholding tax on the interest.
- Access/Investment channel: Carbon is available on Android, iOS, web and USSD, but PayvestCarbon is only available on the Carbon Android app for now.
- Sustainability: Carbon seems stable and sustainable, having been in business for at least 3-4 years now.
- Key execs:
-- About Carbon: https://getcarbon.co/about/
-- Chijioke Dozie: Co-founder and CEO, https://www.linkedin.com/in/chijiokedozie/
-- Ngozi Dozie: Co-founder, https://www.linkedin.com/in/ngozidozie/
-- Emeka Mordi: COO, was also COO at Spinlet for a year, https://www.linkedin.com/in/epmordi/
-- Kanchan Prandeep: Head, Finance. Works from Fresno, California and ostensibly first worked with Chijioke while they were both at Kaizen Venture Partners in 2008-2013, but he left 8 months before her: https://www.linkedin.com/in/kanchan-bajaj-pradeep-a01a109/
-- The Dozie Brothers seem to have a visible and reputable profile, as seen in:
--- https://www.forbes.com/sites/tommywilliams1/2019/11/12/meet-the-dozie-brothers-two-nigerians-building-a-better-bank-for-africa/#4882a68921e3
---
https://www.youtube.com/watch?v=H7NGf20EpFo
--- https://www.crunchbase.com/person/chijioke-dozie
--- https://www.crunchbase.com/person/ngozi-dozie

- Company FAQ: https://customersuccess.getcarbon.co/portal/en/kb/carbon-nigeria/investment-payvest
- Insurance: No insurance cover of funds but their FAQ here https://customersuccess.getcarbon.co/portal/en/kb/articles/how-is-my-money-protected had this to say:
"As with everything else on the Carbon service, security is guaranteed.PayVest investments are protected and always available for withdrawal, anytime you wish. Your funds are safe as they are managed by One Finance and Investments Limited (RC No: 1044655), which is licensed and regulated by the Central Bank of Nigeria."
- Limitations:
-- You can only have 5 running investments (gotten from their FAQ).
-- You can liquidate your investment at any time but doing so may cost you the accrued interest.
- Summary:

Cons
-- It’s not clear if they’ve been deregistered by CBN or CBN has just forgotten to mention them on the actual pages of their site apart from a PDF file they last updated on 31st December, 2019.
-- The max possible interest is 15-16% per annum subject to a withholding tax of 10% on that interest, giving a take home of 13.5-14.4% per annum, which is rather low- especially in the eye of an investor that’s coming from the agritech sector.
-- PayvestCarbon is only available on Android at the moment.
-- If you liquidate your investment before maturity, it may cost you the accrued interest. In detail, here's what they have to say: (source: https://customersuccess.getcarbon.co/portal/en/kb/articles/will-my-investment-be-affected-if-i-liquidate-my-investment-before-maturity)

- There's a 10% withholding tax on all accrued interest on PayvestCarbon. Source: https://customersuccess.getcarbon.co/portal/en/kb/articles/investment

Pros
-- It seems to belong to a stable company that has been running business for a while.
-- The owners are visible online and can be contacted and held accountable if PayvestCarbon has hiccups.
-- One Finance was registered with CBN as a finance company as recently as 31st December, 2019.
-- You can liquidate your investment at any time.
-- This looks like a low-medium risk investment to me. (IMO only treasury bills is low risk, and no investment is no risk investment).
-- Diversification: It's an investment in another industry apart from agri-tech, which helps achieve one of the goals of this thread: diversification.

Fini.

enigmatique:
Notes on PayvestCarbon

- About the company/product
-- It’s a feature of Carbon a.k.a Paylater. It’s NOT the Payvest owned by Cosmotran.
-- Carbon is not an unknown entity, and that gives PayvestCarbon some credibility.
-- to say:

- There's a 10% withholding tax on all accrued interest on PayvestCarbon. Source: https://customersuccess.getcarbon.co/portal/en/kb/articles/investment



Fini.