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FinTech unveils app to promote saving, investment culture



FinTech unveils app to promote saving, investment culture

A fintech company, Crowdyvest Ltd., says it has relaunched its mobile app to help build a culture of saving and investing among Nigerians.

Tope Omotolani, CEO of Crowdyvest, revealed this in a statement Wednesday in Lagos.

Omotolani said the company was prepared to help clients engage in various fictional activities that would help them plan their lives and make their fictional goals possible through their smartphones and devices.

According to her, the platform has presented Crowdyvest Yield, a renewed fixed income product that allows investing in plans, projects and specific types of supply of raw materials in the short and long term in different sectors.

“The features will provide its members with a variety of suitable plans to help build a culture of savings and investment based entirely on their ability with product prices as low as N1,000 and returns of up to 25 percent per annum,” he said.

He added that the firm had a partnership with previously vetted impact partners.

Omotolani noted that Crowdyvest had partnered with UBA Pensions Custodian Ltd and Parthian Security Ltd, to ensure proper use of funds, transparency and compliance.

She said the partnership was to provide more convenience to her clients and ensure the safety of funds.

“As we work with organizations in different sectors to drive viable, impact-driven projects through the funds we raise from our members, a symbiotic interdependence is created that leads to official and economic growth for all.

“We believe this partnership is necessary to foster growth and create more opportunities for Africa,” he said.

Omotolani noted that Crowdyvest had grown its user base from 50,000 clients to 140,000 clients in eight months, with a cumulative transaction value of more than $ 35 million.

Source: NAN

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