₦airaland Forum

exoticeve:
And scammers have seen business

Ayomide811:
for the past 7 years of trading you mean you don't have capital to trade by yourself?

Ayomide811:
for the past 7 years of trading you mean you don't have capital to trade by yourself?

semmyk:
With Anyanso Mma TheMap matter unfolding, the current voicemail ..., perhaps we get back to the starting line.

You'll know in running � (track and field event), when there is a false start, they blow 'whistle', and restart the race.
Co investors, let's kickstart the thread again.

benedictuyi:
I suggested ETORO's copytrading

enigmatique:
In fact, I suggest we do it like this: let's make this a group effort. I suggest that we pick one company every 1-2 weeks and investigate, cross-examine and fact-find them for those two weeks. And since you've started looking into them, let's put Payvest on the spot first.

Now, a cursory search for "payvest" on Google turned up the following article from Techpoint as the top result:
https://techpoint.africa/2020/07/16/payvest-launches-new-investment-mobile-app-in-nigeria/


And the article backs up what you reported: Payvest does offer some almost incredible ROI. That's already a concern. But then the article goes on to say:

Finally, Payvest prides itself on being the most secure provider of savings and investment opportunities in Port Harcourt and Nigeria. It keeps your money safe as all its projects are duly insured by AXA Mansard and Leadway Insurance.


So that's one thing to investigate. Let's reach out to AXA Mansard and Leadway and hear what they say.

Another thing is let's look into how healthy and prosperous are the operations of the parent company i.e Carbon (formerly known as Paylater).

If you and others agree with me, you can add more things to dig into.

enigmatique:
In fact maybe we should return to this cadence by picking a company to cross-examine every 1-2 weeks. We've done PayvestCarbon and Rent.crow.dy before, so let's move to other companies.

I also suggest that folks who frequent this thread like MummyIMadeIt, Pepchizy, benedictuyi, Acidosis, Alkalosis, taiwoliu, syras etc can lead the review of separate companies during separate periods. What do you think folks?

enigmatique:
In fact maybe we should return to this cadence by picking a company to cross-examine every 1-2 weeks. We've done PayvestCarbon and Rent.crow.dy before, so let's move to other companies.

I also suggest that folks who frequent this thread like MummyIMadeIt, Pepchizy, benedictuyi, Acidosis, Alkalosis, taiwoliu, syras etc can lead the review of separate companies during separate periods. What do you think folks?

taiwoliu:
... ... Quick Question; Are we limiting our options to digital investment (short term) or we might be interested in investment in the real sector (long term)?

Bcpump:
My investment experience this year 2020:
60% capital - low risk
piggy.vest. used to give 10% p.a but now gives 8%p.a. low risk but at least capital is safe.

20% capital- mid risk -
i diversified into about 6 agri techs. lowest 100k, highest 1m. averagely 500k. My experience
Farmcenta- so far so good. payment to be next year
Kenfarms - been my sweetest experience. 2/3 payments gotten. last one due this month
Farmbuddy- they did not pay upon maturity. Still waiting
Agropartnerships - so far so good. payment next year
Agrorite- so far so good. payment next year
Agrilet - so far so good. payment next year

20% capital - high risks -
riseinvest - so far so good. I see my returns on my dashboard and it is doing very good.
the map crmi- i put 1.4 in this very very risky thing. I was lucky to get 2 payments which covered capital. 20% interest made. this was the riskiest thing I did. I will never try it again
MBAF- I joined online in July with minimum 360k so wasn't affected by the no November payments. I have gotten 4/6 payments so far.


Things I'm looking forward to next year-
probably do more of rise invest and other mutual stocks.
steer clear very crazy investments such as themap.
reduce agritech exposure. most of them are now defaulting
switch from mbaF to addyF. same 360k. fx is so risky to stake a lot

Bcpump:
My investment experience this year 2020:
60% capital - low risk
piggy.vest. used to give 10% p.a but now gives 8%p.a. low risk but at least capital is safe.

20% capital- mid risk -
i diversified into about 6 agri techs. lowest 100k, highest 1m. averagely 500k. My experience
Farmcenta- so far so good. payment to be next year
Kenfarms - been my sweetest experience. 2/3 payments gotten. last one due this month
Farmbuddy- they did not pay upon maturity. Still waiting
Agropartnerships - so far so good. payment next year
Agrorite- so far so good. payment next year
Agrilet - so far so good. payment next year

20% capital - high risks -
riseinvest - so far so good. I see my returns on my dashboard and it is doing very good.
the map crmi- i put 1.4 in this very very risky thing. I was lucky to get 2 payments which covered capital. 20% interest made. this was the riskiest thing I did. I will never try it again
MBAF- I joined online in July with minimum 360k so wasn't affected by the no November payments. I have gotten 4/6 payments so far.


Things I'm looking forward to next year-
probably do more of rise invest and other mutual stocks.
steer clear very crazy investments such as themap.
reduce agritech exposure. most of them are now defaulting
switch from mbaF to addyF. same 360k. fx is so risky to stake a lot

enigmatique:
In fact maybe we should return to this cadence by picking a company to cross-examine every 1-2 weeks. We've done PayvestCarbon and Rent.crow.dy before, so let's move to other companies.

I also suggest that folks who frequent this thread like MummyIMadeIt, Pepchizy, benedictuyi, Acidosis, Alkalosis, taiwoliu, syras etc can lead the review of separate companies during separate periods. What do you think folks?

MummyIMadeIt:
Me i dont get them, are they saying with Anyaso been in efcc custody they can't dispense or recieve payments for services renderd

MummyIMadeIt:
[/quote]

taiwoliu post=96848900:

[quote author=syras post=96839123]

taiwoliu:
Quick Question; Are we limiting our options to digital investment (short term) or we might be interested in investment in the real sector (long term)?

semmyk:
I guess the focus is essentially crowdfunding investments that are not primarily Non-Agric
It might be that the focus might end up being on crowdfunded-based digital investment (short term). There will be some real sector as well.
So I don't think that real sectors are out. We should consider them the same way we research crowdfunded-based digital investment (short term).

my opinion.

enigmatique:

Abeg oo my people. Na learn me sef dey learn for here. So nobody be experts yet. However, we are all smart and brilliant and by continuing to pool our time, perspectives and experiences, we will all learn even more.

Anyways, MummyIMadeIt mentioned a company that's particularly interesting in these times of the depreciatiating naira. Say, what do you folks say about us reviewing rise.ve.st next?

Bcpump:
if you ever want to invest on risevest, please use my referral link below. would mean a lot to me.
thanks

HQPVKTCG

exoticeve:
Can you tell us more about risevest

Bridget001:
I beg to differ, I have been investing with Risevest for more than 5months now.
The only fees that I know of are

1)Management Fees:
No fees on investment with returns below 10%.
1.5% on investment with returns between 10% and 15%.
2% on investment with returns above 15%.

The management fee is charged annually after your investment matures not before.

2) Withdrawal Fees
-NGN 35 transfer fee charged for withdrawals into bank accounts.
-And 5% withdrawal penalty fee charged on all withdrawals made from a locked (yet to mature) plan.

3) Transaction Fees
- No transaction fee if you transfer to your Risevest unique Providus Bank Account on the app (That's what I use)
But if you fund your Risevest wallet with Card
Card Payments:
NGN Cards: From 1.4% to (1.5% + NGN 100) per transaction and capped at NGN 2000.
USD Cards: From 2.9% to (3.9% + NGN100) per transaction.

enigmatique:
For now- or at least this thread- I suggest we limit the investments that we look at to just web-enabled/digital investmests of low-medium risk.

UPDATE:
Actually I think semmyk has a good point with the below. Since we've taken a look at rent.crow.dy, then some form of real estate investment is not off the cards. The main points just are probably that they must be web-enabled investments that use crowdsourcing.

Bridget001:
Risevest are profe.ssional asset mana.gers that help people in.vest in 3 foreign assets.
1) EURO.BOND: 10-12% p.a.ROI(Return Of Investment) of guaran.teed low risk.

2) US REAL ESTA.TE: 13-15% p.a. ROI, of medium risk (not capped). Last year recorded 17%.

3) US STO.CKS: 12-14% p.a. ROI of high risk (not capped). Last year record.ed 27% . Made up of 20+ high growth sto.cks. You don't need a dom account for it. You can fund in naira which becomes dollars on the app,

You can invest for 3, 6 or 12mon.ths and rollover to com.pound your interest.

The ROI above is per annum but because of the value of dollars and Naira devaluation (high dollar to naira rate that keeps increasing) it's worth more than the figures stated.

For the Euro.bond and RE you can invest for 3mon.ths, 6 or 12mon.ths and you can add money any time you want. For sto.cks you can invest as long as you want and with.draw any time.

You can in.vest with as low as $10 and top up your inves.tments at any time.

There is also a tele.gram gro.up where impor.tant finan.cial infor.mation & educ.ation are shared. The admins also respond to enquiries or complaints fast there too.

If anyone want to in.vest with Rise.vest kindly use my refer.ral co.de MISF3KC8
Thank you

exoticeve:
Thank you so much

Bridget001:
Risevest is a good idea. What subtopics would the review consist of?

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:
A review should contain sections like (but not limited to):
- About the Company.
- Interest rate offered.
- Investment channel/medium.
- A list of the company's key executives with links to their LinkedIn profiles.
- Sustainability of the business.
- Link to the company's FAQ.
- The nsurance cover on investors' funds if any.
- Limitations of the company/investment product.
- Pros.
- Cons.
- Summary.

You can take a look at the one I did for PayvestCarbon below for inspiration.

Bridget001:
Wow! The above quoted is comprehensive.

Harvard10:
Been observing this Farm4me/ViableX for some months and they seem business focused. You have been there. Any flags? Considering dropping small chikini something with them before they drop their ROI and remove some products.
Thank you.

enigmatique:
Lol. Thank you. So pick your company of choice and give us your own comprehensive review of them.

Bridget001:
Viablex paid me exactly the day my investment was due. I'm pleased with their investment services. Kindly use my link when you consider investing with them.

https://viablex.com/register?ref=J37YJHSW


For me, no red flags. But do your own due diligence to be sure there isn't any.

enigmatique:

Abeg oo my people. Na learn me sef dey learn for here. So nobody be experts yet. However, we are all smart and brilliant and by continuing to pool our time, perspectives and experiences, we will all learn even more.

Anyways, MummyIMadeIt mentioned a company that's particularly interesting in these times of the depreciatiating naira. Say, what do you folks say about us reviewing rise.ve.st next?