Looking to invest money with Ceepass via their mobile app?
Does any of the Ceepass investment portfolio interest you? You wouldn’t be alone here.
Ceepass offers some very interesting investment portfolios that are targeted at different types of investors, and they all come with mouthwatering returns.
In this investment review, we’ll be looking at what Ceepass does, their investment proposition, and if they’re worth investing in.
Let’s get started.
What Is Ceepass All About?
Ceepass is actually a digital banking platform owned and managed by Jamis Microfinance bank.
The platform is targeted at attracting agro-inclined players and investors looking to explore different agribusiness opportunities.
Via Ceepass, investors and farmers could save, invest, obtain loans, and get access to several agribusiness channels.
I believe Ceepass is super-focused on building an agric ecosystem that could help agribusiness players thrive in the industry, and they’ve actually started on the right note.
Over the last few years, Ceepass has expanded their services into bills payment and insurance, which means more avenues for revenue generation.
How Does Ceepass Make Money?
Ceepass operates like a digital bank, with all their operations managed on the ground by Jamis Microfinance bank.
The bank focuses mainly on financing large scale farms and agro exports, but has also incorporated other vital supporting services such as farm insurance, vehicle insurance, and bills payment.
On ground, there are other financial derivatives undertaken by Jamis Microfinance bank, that ensures that the Ceepass product continues to stay up and running.
How to Invest in Ceepass
To start investing with Ceepass, you’ll have to either register via their website or mobile apps.
Ceepass offers investors several avenues to invest, such as:
- Investment Savings
- Export Financing
- Contract Farming
Each of these investment portfolios comes with flexible terms which can be determined by the investor.
How Much ROI Does Ceepass Offer?
The ROI offered by Ceepass differs depending on the Investment portfolio you choose.
Let’s take a look at each of the investment options:
Ceepass Target Savings
This is a flexible investment savings option where you can choose to invest daily, weekly, or monthly.
This investment pays out 15% per annum, which is prorated according to your investment tenure and paid only on your due date.
Ceepass Fixed Savings
This is a fixed investment savings option where the investment tenure is determined by Ceepass.
So, this means that there is less flexibility for the investor.
With the Ceepass Fixed Savings, you could earn up to 8% monthly if you lock up a minimum of 200k for 12 months.
This means that at a 8% ROI per month, you could earn 96% ROI per year, which is almost your total investment, while still having your capital intact.
Ceepass Export Financing
With the Ceepass Export Financing, you could get a 15% ROI every 4 months, which could amount to a 45% ROI per annum.
WIth Ceepass commodity export business fully licensed by the Nigerian Export Promotion Council (NEPC), you are almost guaranteed your ROI as at when due.
Ceepass Contract Farming
You could support Ceepass large scale farming projects and make up to 20% profit in 6 months.
You could even reinvest to make 40% ROI per annum.
Is Ceepass Legit or Scam?
Since Ceepass is powered by Jamis Microfinance bank, which is a CBN licensed bank and insured by the NDIC, Ceepass could be a legit platform.
But note that Ceepass (Ceepass Digital Limited) is a standalone company and does not share liability with Jamis Microfinance bank.
So, there is a possibility that Ceepass could make their own monetary and Investment decisions that may differ from the coverage that Jamis Microfinance bank offers.
What I Hate About Ceepass
There are not a lot of things to hate about Ceepass and their investment propositions.
But from what I understand about Ceepass, there is not a lot of flexibility in their investment portfolios.
Even though they are positioned as a digital bank, their operations and investments are somewhat traditional.
For example, there is less flexibility with most of their investments. Once you invest, you are tied in until the maturity date.
As far as I know, there is no aftermarket or security exchange for Ceepass Investments where you could just liquidate your portfolio if you need cash.
This makes Ceepass seem like a platform that gives quick access to traditional investors, rather than a platform looking to democratize investment for everyday people, especially millennials.
What I Like About Ceepass
Now, to be honest, I’m quite excited about Ceepass and their potential, especially for investors who love supporting agribusiness projects.
The first positive for Ceepass is that they have a lot of partnerships in the agric space, which gives them the leverage to find Money-making opportunities, as well as put investors’ funds to good use.
The second positive for Ceepass is the fact that the platform is as transparent as it gets, especially in terms of charges and COTs.
You could argue that after all the aim of having a digital bank is to reduce costs for customers, but there are many digital banks and Fintech platforms in Nigeria that are either too expensive to use or have too many charges attached to their services.
Ceepass seems to be taking the zero-charge route, which means that what you see is what you get on the platform. You only have to pay in your investment capital, while Ceepass does the rest.
Can You Lose Money With Ceepass?
I don’t see a way that investors’ could lose money with Ceepass.
Even if Jamis Microfinance bank doesn’t offer any guarantee for investments on the Ceepass platform, there are several insurance policies put in place by the bank to ensure safety of investment and funds.
All Ceepass investment portfolios seem well put together, with the bank having the right licenses to operate their businesses and investments.
Ceepass is not your regular fly-by-night Investment company, but an offspring of a bank that has been licensed by the CBN and in operation since 2010.
Should You Invest in Ceepass?
I think Ceepass is worth investing in.
They have the reputation via their connection with Jamis MFB, and also the right operational system, which makes them legitimate.
To play it safe though, you should invest for the short-term so as to avoid getting your capital stuck, due to the inflexibility of Ceepass Investments.
I’m particularly interested in their export financing which gives a whopping 15% ROI every four months.