Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • AMCON Sells 34% Stake In Unity Bank To Providus, Strengthening Merger Deal
  • Nigerian Airports Go Cashless As FAAN Partners Paystack To Launch Contactless Payments
  • ‘AI In Nigeria’ Announces InnovateAI Lagos 2026
  • Borderless TEK Expands Free Training To Empower Adults Transitioning Into Tech
  • Nigeria’s Invoice Gap: Why Late Payments Are Stalling Small Businesses And What Can Be Done About It
  • Kano State Government To Host Cycling Kano Event In December
  • Nigerian-Owned Radease, 4 Other African Startups Named Winners Of Llama Impact Grant
  • Cybercrime Case Against Senator Natasha: Court To First Hear Jurisdiction Objection
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » BREAKING: Crowdyvest Holdings Changes Name To EMFATO Holdings
Business

BREAKING: Crowdyvest Holdings Changes Name To EMFATO Holdings

mmBy Rommy Imah20 July 2020No Comments4 Mins Read3 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
EMFATO 1
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

Crowdyvest Holdings, an investment company based in Lagos, has announced that it will begin operating under a new name and will henceforth be known and addressed as EMFATO Holdings, with immediate effect.

The Company said in a statement made available to DigitalTimesNG on Monday that EMFATO Holdings takes pride in building and supporting the brave entrepreneurs building successful businesses out of the opportunities in Africa.

Its portfolio is solving problems around the continent with technology focused on sectors like Agriculture, Finance, and Transportation to impact millions of lives on the continent.

Crowdyvest Holdings was established to build technology solutions that meet the United Nations 17 Sustainable Development goals in different sectors.

DigitalTimesNG recalls that in 2019, Onyeka Akumah, along with his co-founders identified various opportunities in different high-impact industries using technology to create solutions for Nigerians with the potential to scale across Africa.

This led to the establishment of Crowdyvest Holdings (CVH) to invest in such business opportunities and CVH has since launched or invested in 2 portfolio companies including Crowdyvest – a fintech startup focused on financing impact-driven opportunities, and Plentywaka– a trans-tech startup focused on changing the way people get around in Nigeria’s major cities starting with buses.

Both startups joined Farmcrowdy which was the first portfolio company of CVH and formerly led by Kenneth Obiajulu.

In June 2020, reports emerged that Kenneth Obiajulu reached a mutual agreement to leave Farmcrowdy while its founder, Onyeka Akumah, has now returned as Chief Executive Officer to lead Farmcrowdy into the next chapter of its growth.

READ ALSO  Plentywaka Gets Techstars Backing For Global Expansion

EMFATO Holdings, formerly Crowdyvest Holdings will now be focused on providing the necessary support for its portfolio businesses while identifying new businesses that will build tech solutions to power collaborative developments within Nigeria, Africa, and the world.

The Company said in a statement made available to DigitalTimesNG Monday morning that this change of name will not affect the affairs of the company as well as its portfolio companies.

Each of the portfolio companies under EMFATO Holdings has applied innovative thinking to impact the lives of individuals across the globe, with the portfolio of businesses now focused on Fintech, Transtech and Agtech including:

Crowdyvest, a leading crowdfunding startup in Nigeria, using a fintech model to connect over 85,000 active users and 7,000 active sponsors, with impact-driven opportunities in partnership with other technology companies.

CROWDYVEST 1
Crowdyvest team celebrating World Women’s Day 2020

The startup led by its Co-Founder and Managing Director – Tope Omotolani along with 12 team members, recently launched a new website and mobile app with features such as an e-wallet for sponsors, pooled sponsorship as well as a revamp of the project sponsorship experience.

Plentywaka, the first bus-hailing company in Nigeria that reached 100,000 riders in 6 months of launch. The startup is currently led by its Co-Founder & Managing Director – Ena Johnny and a team of 26.

CROWDYVEST 2 1
Plentywaka team celebrating 100,000 rides in March 2020

The startup recently launched a logistics arm and has over 38,000 active users completing an average of 1,400 rides daily after the COVID lockdown.

Farmcrowdy, the first portfolio company from EMFATO Holdings and the agtech startup now led by Onyeka Akumah with a team of 45 focused on using technology to boost the food value chain.

READ ALSO  Konga Kares, Med-Direct Africa Roll Out Free Delivery Of Quality Drugs
CROWDYVEST 4
Farmcrowdy team at its mid-year conference in June 2019

Farmcrowdy has moved away from its original model of Crowdfunding for agriculture to grow into the business of using technology for Agriculture with a farmers’ network of 116,000 individuals across 16 states in Nigeria.

The portfolio company’s services now include Farmcrowdy Structured Finance, Farmcrowdy Aggregation (with 101 centres nationwide), Farmcrowdy Foods (with Bestfoods and Meathub), Farmcrowdy Insurance, Farmcrowdy Marketing Services, and Farmcrowdy Tech & Data.

 

#Crowdyvest Holdings #EMFATO Holdings #Onyeka Akumah
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleOPINION: Kashifu Inuwa Abdullahi: A Worthy Youth Ambassador In Governance
Next Article Onyeali-Ikpe To Assume Duties As Fidelity Bank Plc MD/CEO January 1, 2021
mm
Rommy Imah
  • Website

Rommy Imah is Founder/Editor of Digital Times Nigeria (www.digitaltimesng.com). He has been in active journalism in over two decades with a bias for technology and business reporting. He is particularly passionate about technology and how it can be used to transform human life, businesses and services.

Related Posts

AMCON Sells 34% Stake In Unity Bank To Providus, Strengthening Merger Deal

26 September 2025

Nigerian Airports Go Cashless As FAAN Partners Paystack To Launch Contactless Payments

26 September 2025

‘AI In Nigeria’ Announces InnovateAI Lagos 2026

25 September 2025

Borderless TEK Expands Free Training To Empower Adults Transitioning Into Tech

25 September 2025

Teachers Applaud NITDA’s DL4ALL Programme As 3,600 Undergo Training

22 September 2025

Applications Open For Access Bank’s Womenpreneur Pitch-A-Ton 2025

22 September 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

AMCON Sells 34% Stake In Unity Bank To Providus, Strengthening Merger Deal

26 September 2025

Nigerian Airports Go Cashless As FAAN Partners Paystack To Launch Contactless Payments

26 September 2025

‘AI In Nigeria’ Announces InnovateAI Lagos 2026

25 September 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.