Wow, I can’t believe I’m 27 just like that. Time seems to be running very fast … #Smile<\/strong>.<\/span><\/p>\n It\u2019s June 14th and it\u2019s my birthday, Entrepreneur Platform is 2 and I\u2019m happy to share our success story with everyone.<\/span><\/p>\n Today, we officially welcome our new Baby Startup (Sumobank<\/a>) into the queue and happy to share our little story with you all.<\/span><\/p>\n This is to either Inform, Educate, inspire or lead someone out there.<\/span><\/p>\n Having been in business for 2 years and having helped over 1 million people better their lives, we are happy to say we have crossed a milestone at Entrepreneur Platform.<\/span><\/p>\n Over time while we do this, we noticed a common problem with our users\u2019 business-related topic.<\/span><\/p>\n That problem is a problem of NOT HAVING MONEY to either start, scale or expand their businesses.<\/span><\/p>\n Most of these people in financial pains are within age grade of 23-42.<\/span><\/p>\n They had wished they saved better when they had better income flow, even those in school wants to go big.<\/span><\/p>\n Because of this, we decided to take a <\/span>past Savings and investment survey online<\/span><\/i> to see<\/span><\/p>\n We carried out a survey called \u2018<\/span>ARE YOU HAPPY WITH YOUR PAST AND CURRENT SAVINGS AND BANK ACCOUNT CONDITION\u2019 <\/b>on 275000 persons and we confirmed that 182660 (66.4%) people are not happy about their savings conditions and wished if they saved better for various reasons which includes<\/span><\/p>\n Also, <\/span>86.8% <\/b>out of the <\/span>182660 (158548.88)<\/b> unhappy people wants to start saving their money not to go broke again and taste another bitter side of life again, but then majority are lazy to visit the banks to do that as<\/span><\/p>\n Having looked at this carefully we decided to build an automated tool that will solve the problems of the savings of our users, help people save and invest money at their own comfort, will and time.<\/span><\/p>\n Sumo Bank is an automated platform that helps people save and invest money on the go.<\/span><\/p>\n YOU CAN<\/span><\/p>\n To discourage people from withdrawing their money and save up until target or use date is reached, we decided to add a 4.5% Penalty Fee to withdrawals made before the target is reached or making withdrawals on NON-FREE withdrawal date. We believe this Penalty Fee will discourage people from withdrawals and save more.<\/span><\/p>\n Sumobank generates its revenues through asset management turnover. We invest a percentage of savings saved with us by our users every month and plough back most of the interest we get back to our users. Users on Sumobank with an investment account will earn 15% interest annually for every dime invested and not touched for a minimum of 6 months while users on Main and Mission account will earn 10% interest annually which is way higher than the average interest payouts from commercial banks.<\/span><\/p>\n Sumo Bank is meant for everyone not younger than 16 years of age, but parents or guardians can open a Sumo Account for their children younger than the stipulated age. Sumobank is meant for<\/span><\/p>\n Who wants to save for various reasons ranging from<\/span><\/p>\n It\u2019s very important to know that; Sumobank is personal finance product of Sumo Tech Global Limited, Registered with CAC with RC No: 1524989. In the future, we will definitely expand into some other things. A company coined out after radical brainstorming session at Entrepreneur Platform (<\/span>www.entorm.com<\/span><\/a>). An online business platform owned by <\/span>GUDTALENT AND CO NIGERIA LIMITED<\/b>, registered with corporate affairs commission as a limited liability company with <\/span>RC Number: 1483874<\/b>. Founded in 2017 and have recorded huge success in the digital publishing and business hub in Nigeria.<\/span><\/p>\n Sumobank idea was birthed by me;<\/span><\/p>\n <\/p>\n <\/p>\n Over the requests, complains and proposals from our blog readers who kept pressuring most about funds and loan for their businesses\u2026 The full story will be for another day. But then, <\/span><\/p>\n <\/p>\n <\/p>\n We plan on becoming the major key player in saving the $2.2 trillion savings market. We have built a tool we believe our users will connect with emotionally so as to become better savers.<\/span><\/p>\n Because we want people to save and invest for a purpose, Sumobank within the next 5 years of operation (by 2024) will be employing every possible strategy that will help 1 million Nigerians alone and millions across other countries raise and build their own businesses using<\/span> www.entorm.com<\/span><\/a> and<\/span> www.sumobank.ng<\/span><\/a> as business and enterprise learning hub and personal financing and management tool respectively.<\/span><\/p>\n Our tools and products will speak for itself positively on the long run and eventually become one of the strongest banking pillars in the African Fintech industry.<\/span><\/p>\n Our model at Sumobank and Entrepreneur Platform is tailored to raising over 1 million entrepreneurs who are passionate and fighting hard to start and grow their own successful businesses. On this, we have actionable business and growth model that will help us to achieve this goal.<\/span><\/p>\n See below;<\/span><\/p>\n As at the time of writing this, this model is still a prototype and still under development, so, we will be making major updates through 2019 and 2020. It takes time to put all these things together and we have limited resources and funding available.<\/span><\/p>\n WE ALSO HAVE EXPERTS IN VARIOUS FIELDS THAT WILL OFFER YOU PREMIUM CONSULTING SERVICES, BUSINESS PLANS, AGENT SERVICES, MARKETING CAMPAIGNS TO ENSURE YOU MEET YOUR GOALS. Don\u2019t worry, they are affordable and you can choose based on your budget.<\/span><\/p>\n There are two ways to support this movement;<\/span><\/p>\n Thank you for reading and being part of us and the journey so far. I must say it\u2019s been an amazing walk all these years.<\/span><\/p>\nHow it all Started<\/b><\/h2>\n
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We built SUMOBANK!<\/b><\/h3>\n
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How we Intend Generating Revenue with Sumo Bank<\/b><\/h2>\n
Who Is Sumobank Meant For?<\/b><\/h2>\n
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The Core Brains Behind Sumobank<\/b><\/h2>\n
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Future Plans of Sumobank<\/b><\/h2>\n
Our Business Model to Creating Impact Using Sumo Bank And Entrepreneur Platform<\/b><\/h2>\n
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How You Can Be Part Of This Vision<\/b><\/h2>\n
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