Cowrywise: The Fintech Revolutionising Wealth Management in Africa

Cowrywise is a fast-growing African fintech company that provides a digital platform for individuals with a focus on saving and investing. Founded in 2017 by Razaq Ahmed and Edward Popoola, Cowrywise aims to promote financial inclusion and help people achieve their financial goals by offering easy access to savings and investment products. In 2022, Cowrywise partnered with Meristem Trustees Limited to implement a trustee structure in Nigeria, the first fintech to do so.

Headquarters: Lagos, Nigeria

Founders: Razaq Ahmed and Edward Popoola

Industry: Fintech, Financial Services, Savings, and Investments

What They Offer

Savings Plans: Cowrywise offers a variety of savings plans, such as periodic savings, target savings, and life goals, enabling users to save money according to their preferences and financial objectives.
Mutual Funds: The platform provides access to a range of mutual funds managed by top investment firms, allowing users to invest in diverse asset classes with varying levels of risk and return.
Fixed Income Investments: Cowrywise offers fixed income investment products, such as treasury bills and bonds, providing users with a low-risk option to grow their wealth.
Financial Education: The Cowrywise app and website feature educational resources to help users improve their financial literacy and make informed decisions about their savings and investments.

Big Wins

Cowrywise has attracted thousands of users and facilitated millions of dollars in savings and investments since its inception. The company has partnered with investment firms and received investments from prominent investors, such as Quona Capital, Catalyst Fund, and Y Combinator.

Competitors

PiggyVest, Wealth.ng, and other savings and investment platforms in the African market.

News

Looking at Cowrywise partnership with Meristem Trustees Limited; The first Nigerian fintech to implement the Trustee structure in Nigeria.

Cowrywise is digitizing treasury management for tech companies, start-ups, and businesses.

How Sprout by Cowrywise is helping businesses unlock potential from idle funds

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Naqsh Haque

Naqsh Haque is an accomplished content strategist and digital editor with a talent for marketing and innovation. She has experience working in diverse sectors including public policy, global health, and publishing.

Managing Editor