₦airaland Forum

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.

Thanks man. You rock

Register your investment directly here (https://www.themap.ng/crmi) or contact me. Pretty straight forward. All the best

Highlyfavoured3:
So how do I then state my interest in CRM when I make a deposit, please?

This is one of their managers - +234 908 895 7265. You can speak with her

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

There are multiple contact numbers on their site. You can contact one of their managers on +234 908 895 7265

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

Once your investment is 30 days old, you will get your first payment during the next payment cycle which is the Monday after if that day is not a Monday. I have confirmed this multiple times from them directly. The payment will be made on the next Monday not one month after. Thanks

spiceeamiee:
@TokyoBulls please see this. I guess this puts it to rest then. MummyIMadeIt has also clarified. I only stated what i was told as at when i was making my own inquiries.

I'm not affiliated with any of these businesses contrary to what anyone thinks and its always funny that this is the default conclusion once someone says something that everyone does not agree with.

Telsidelake:
Well done. Very in depth analysis. In truth, the ROI is low when compared with Agritech. I see them as something you can use for your untouchable savings rather than for investment.

I mostly agree, especially now that treasury bills is so unattractive.

Mariomadiba:
Thanks man. You rock

Hahaha. You're very welcome.

Cjbros:
www.themap.ng

Thanks, I have gone through their website, seem impressive, at least, I like their breakdown.

Can I chat with you pls, If u can avail me with more information. I chatted them, but no reply.

For instance, I may not do the 580k plan but I saw that you can have a slot for 120.... I need more clarification on this and others.
Thanks

the one question i have about this "the map crmi" is...if d investor makes 110% ROI of his investment in jx 3months...how does the company or Owner of the company make profits?..what does he go with?...cos its important to know exactly what he benefits from d investment because if d bizness is nt profit oriented,then one shld suspect that the aim is to make investors money d profit on d longrun...so pls clarify me

1milli:
the one question i have about this "the map crmi" is...if d investor makes 110% ROI of his investment in jx 3months...how does the company or Owner of the company make profits?..what does he go with?...cos its important to know exactly what he benefits from d investment because if d bizness is nt profit oriented,then one shld suspect that the aim is to make investors money d profit on d longrun...so pls clarify me

My major concern too. Though, not all of them is 110% ROI, some are 85%, others are 60% ROI..

I want to ask, who can tell me how long the business has been existing?

1milli:
the one question i have about this "the map crmi" is...if d investor makes 110% ROI of his investment in jx 3months...how does the company or Owner of the company make profits?..what does he go with?...cos its important to know exactly what he benefits from d investment because if d bizness is nt profit oriented,then one shld suspect that the aim is to make investors money d profit on d longrun...so pls clarify me

Please, can someone answer this question

dammy222:
Please, can someone answer this question

CC: Epignosis19 & TokyoBulls


Further CC extended to: Greatmarshall & Trades07, if you guys don't mind pls.

1milli:
the one question i have about this "the map crmi" is...if d investor makes 110% ROI of his investment in jx 3months...how does the company or Owner of the company make profits?..what does he go with?...cos its important to know exactly what he benefits from d investment because if d bizness is nt profit oriented,then one shld suspect that the aim is to make investors money d profit on d longrun...so pls clarify me

CC: Epignosis19 & TokyoBulls

Further CC extended to: Greatmarshall & Trades07, if you guys don't mind pls.

GhostderGeist:
CC: Epignosis19 & TokyoBulls

Further CC extended to: Greatmarshall & Trades07, if you guys don't mind pls.

Good morning everyone. There is usually a cost attached to effective communication for every company. The CRMi was rolled out to bridge that gap in communication between clients and investors due to the sharp increase in investors of late. Money is made when enquiries made turns into investment. Putting also in my mind that the company needs to be in constant touch with investors, which could also lead to contract extension with current investors.
I hope I've been able to touch or scratch your question. If I didn't answer you to your satisfaction, then you might also need to DM the company on their social media handles.
Cheers!

Epignosis19:
Good morning everyone. There is usually a cost attached to effective communication for every company. The CRMi was rolled out to bridge that gap in communication between clients and investors due to the sharp increase in investors of late. Money is made when enquiries made turns into investment. Putting also in my mind that the company needs to be in constant touch with investors, which could also lead to contract extension with current investors.
I hope I've been able to touch or scratch your question. If I didn't answer you to your satisfaction, then you might also need to DM the company on their social media handles.
Cheers!

CC: 1milli & dammy222

Epignosis19:
Good morning everyone. There is usually a cost attached to effective communication for every company. The CRMi was rolled out to bridge that gap in communication between clients and investors due to the sharp increase in investors of late. Money is made when enquiries made turns into investment. Putting also in my mind that the company needs to be in constant touch with investors, which could also lead to contract extension with current investors.
I hope I've been able to touch or scratch your question. If I didn't answer you to your satisfaction, then you might also need to DM the company on their social media handles.
Cheers!

Please do you know how many CRMi they truly need, there should be a limit. Or do they have office facilities for tens of thousand and do they need that much?

Someone invested in 110 CRMi here, I did 5 as well amongst many others. Is there no limit?

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.

This contact +2349062547191 of theirs from their website was called just now and the lady who picked told the caller that there's limit for how many units purchaseable by investors and that's 20 units.

Modified: I also just made a call through to the manager you dropped his contact 0908 895 7265, he also said 20 units maximum for investors.

And about if they personally have units target they intend to stop at; when asked, his response was "When they, the company, reaches their limit, we, the investors, will know"

People keep confusing this 'limit' thing. 20 units for CRM and 30 units for Location. On CRM, when you register your investment on their website, the maximum number of units you can take is 20 so this is the limit people talk about. However, if you plan to do 50 units, for instance. You can pay for 20, 20 and 10 units and register these separately without issues. The limit you refer to is limit 'per time' not per investor. Check here to see the 20 unit limit (https://www.themap.ng/crmi). In case you want to do more than 20 units, you can load multiple times without issues. I can share all my proof of payment with you. Thanks

GhostderGeist:
This contact +2349062547191 of theirs from their website was called just now and the lady who picked told the caller that there's limit for how many units purchaseable by investors and that's 20 units.

Modified: I also just made a call through to the manager you dropped his contact 0908 895 7265, he also said 20 units maximum for investors.

And about if they personally have units target they intend to stop at; when asked, his response was "When they, the company, reaches their limit, we, the investors, will know"

TokyoBulls:
People keep confusing this 'limit' thing. 20 units for CRM and 30 units for Location. On CRM, when you register your investment on their website, the maximum number of units you can take is 20 so this is the limit people talk about. However, if you plan to do 50 units, for instance. You can pay for 20, 20 and 10 units and register these separately without issues. The limit you refer to is limit 'per time' not per investor. Check here to see the 20 unit limit (https://www.themap.ng/crmi). In case you want to do more than 20 units, you can load multiple times without issues. I can share all my proof of payment with you. Thanks

Thanks, I get it now.

May I chat you up on WhatsApp and possibly be privileged to view the proofs?

In your WhatsApp, I believe, Thanks

GhostderGeist:
Thanks, I get it now.

May I chat you up on WhatsApp and possibly be privileged to view the proofs?

TokyoBulls:
In your WhatsApp, I believe, Thanks

I don't follow?

Hello guys. Has anyone here ever invested in ZCPI africa? I invested in their palm oil trading investment with 30% ROI in 3 months.

Since 14th of August. Up to now, no MOU or invoice sent to my email as promised. No response to my chats or messages.

Have I been scammed?

nicestlady:
Hello guys. Has anyone here ever invested in ZCPI africa? I invested in their palm oil trading investment with 30% ROI in 3 months.

Since 14th of August. Up to now, no MOU or invoice sent to my email as promised. No response to my chats or messages.

Have I been scammed?

Why didn't you ask before investing with them? I think someone complained about them sometimes ago on digital agriculture platform

TokyoBulls:
Register your investment directly here (https://www.themap.ng/crmi) or contact me on 08030410792. Pretty straight forward. All the best

Hello, to make an investment, I am to pay first to the official account, then fill the form ‘register investment’ on the website right?

Is any form of documentation issued to this note?

How long is the whole confirmation process

Yes. Pay, register on the website, in about 2 minutes you will get email confirming your investment. Once your payment is confirmed, you will get an invoice and an MoU

Backcheck:
Hello, to make an investment, I am to pay first to the official account, then fill the form ‘register investment’ on the website right?

Is any form of documentation issued to this note?

How long is the whole confirmation process

If I invest in CRMI today, September 2nd. When will I receive the first payment?

nicestlady:
Hello guys. Has anyone here ever invested in ZCPI africa? I invested in their palm oil trading investment with 30% ROI in 3 months.

Since 14th of August. Up to now, no MOU or invoice sent to my email as promised. No response to my chats or messages.

Have I been scammed?

You can read a previous discussion about ZCPI below.

Tobi22:
Did anyone invest with Zcpi? A colleague of mine invested with zcpi, return on investments including Capital are all overdue. She said no one is picking their phone calls and their instragram account seems to have been removed

mrsage:
If I invest in CRMI today, September 2nd. When will I receive the first payment?

5th, Oct.

reservd:
5th, Oct.

And when do you get the receipt and moU?