Founder of Tree Money Yard Empire, Ajayi Solomon, has revealed why TMY Paygo, an arm of the conglomerate, is excelling, despite the harsh economic reality other wings of the corporation are facing.
TMY Empire comprises Tree Money Yard Records, which he founded in 2015 in the Festac area of Lagos, and later moved to Lekki, where the larger market is located.
About nine years after, the business includes Tree Money Yard Media, Tree Money Yard News, TMY Paygo, among others.
In an interview, he explained certain challenges faced by offline businesses, in the face of the record inflation that plagued the Nigerian economy in 2023. Ajayi Solomon disclosed that due to the hyperinflation, TMY Empire lost more than 86 percent of its net worth, pushing the company to the brink of recession. However, in the company’s breakdown of profitability by each of its sub-businesses between 2017 and 2022, TMY Paygo is the second revenue generator.
The TMY Empire boss revealed that offline businesses bear higher risks, adding that technology is what continues to drive the 21st century global economy. He added that TMY Paygo connects the world with easy banking solutions which eliminate all bottlenecks.
“TMY Digital this is a platform that was developed to connect the world together with digital banking solutions known as TMY Paygo Services Limited. TMY Paygo is a digital Fintech PR company founded by Tree Money Yard Empire, TMY Paygo operates as a Frontline Media mobile based money platform. The company offers banking agent Crypto vendors money sending and receiving funds, disbursement, and crypto processing solutions through TPG”, the 31-year-old businessman said.
“The country’s economy is bad with my technology experience. In 2024, I advise everyone to invest more of their energy on social media platforms for their brand rather than relying on offline platforms. I believe the social networking industry is helping more than the country’s resources. Offline investment has higher business risk than online investment. Do you ever notice when the economic inflation’s becoming bad, that is when the biggest company for example Amazon makes billions of dollars?” the TMY Empire boss queried.
The Ogun-born entertainment entrepreneur who grew up in Lagos’ popular slum, Ajegunle, is the second youngest of six siblings. Out of sheer genius, he steered TMY News to be the number one money spinner for the organization. Ajayi Solomon stated that the company’s global appeal is one that has left it with so much advantage.
He said, “TMY News is a brand builder. TMY News is The Tree Money Yard empire Google PR; a group of professional PR who study the Google algorithm and Instagram validation. I don’t really think we have competitors. We came a very long way; worked with most top millionaires and billionaires brands across the globe. This has given us more advantage than anyone who is competing with TMY News. TMY News is a professional journalism department And News Wire Communications Network with over 15 years of experience in media technology.”
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