Crowdyvest Holdings an investment company based in Lagos, established to build technology solutions that meet the United Nations 17 Sustainable Development goals in different sectors will begin operating under a new name and will be known as ‘EMFATO Holdings’, effective immediately.
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, 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, it was learned that Kenneth Obiajulu reached a mutual agreement to leave Farmcrowdy while it’s founder, Onyeka Akumah, has now returned as Chief Executive Officer to lead Farmcrowdy into the next chapter of its growth.
EMFATO Holdings, formerly Crowdyvest Holdings will now be focused on providing the necessary support for it’s portfolio businesses while identifying new businesses that will build tech solutions to power collaborative developments within Nigeria, Africa, and the world. 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. This portfolio of businesses are now focused on Fintech, Transtech and Agtech including:
Farmcrowdy is the first portfolio company from EMFATO Holdings and the agtech startup is now led by Onyeka Akumah with a team of 45 focused on using technology to boost the food value chain. 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. Farmcrowdy services now include Farmcrowdy Structured Finance, Farmcrowdy Aggregation (with 101 centers nationwide), Farmcrowdy Foods (with Bestfoods and Meathub), Farmcrowdy Insurance, Farmcrowdy Marketing Services, and Farmcrowdy Tech & Data.
About Emfato Holdings
Emfato Holdings takes pride in building and supporting the brave entrepreneurs building successful businesses out of the opportunities in Africa.
Our 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. To learn more, please visit Emfato Holdings or follow Emfato on Twitter and Instagram