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Cowrywise
Cowrywise logo

Cowrywise

Cowrywise: Digitizing and democratizing finance in Africa for easy, secure savings and investments.

Ikeja, Lagos, NG🇳🇬
Founded
2017
Accelerator
Y Combinator logoY CombinatorS18
Overview
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Fundraising
Employees
Library

Founded with the mission to democratize access to premium financial services in Africa, Cowrywise leverages technology to provide affordable and secure financial planning, savings, and investment products. The company aims to make wealth management accessible to the mass market, helping customers achieve their financial goals through a user-friendly platform. Cowrywise offers a range of services including automated savings plans, investment in mutual funds, and financial advisory, targeting individuals who seek efficient and reliable ways to manage their finances.

Notable figures associated with Cowrywise include its co-founders Razaq Ahmed and Edward Popoola. The company has attracted significant investment from prominent venture capital firms such as Quona Capital and Y Combinator. Key achievements include rapid user growth and partnerships with leading financial institutions in Nigeria. Cowrywise's impact is evident in its role in promoting financial literacy and inclusion, empowering a broader demographic to participate in wealth-building activities traditionally reserved for the affluent.

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Cowrywise - Quick Facts

Who are Cowrywise's competitors?

Companies similar to Cowrywise include Bamboo, Rise Vest, Piggyvest and Oystr Finance.

When was Cowrywise founded?

Cowrywise was founded in 2017.

Where is Cowrywise's headquarters located?

Cowrywise's headquarters is located in Ikeja, Lagos, NG.

When was Cowrywise's last funding round?

Cowrywise's most recent funding round was for $3M (USD) in January 2021.

How much disclosed funding has Cowrywise raised?

As of Jan 26, 2021, Cowrywise has disclosed funding of $3.3M (USD). Undisclosed round amounts are excluded.

Cowrywise - Classification

Ownership
  • Private
  • Venture-backed
Technology
  • FinTech
Geographic Exposure
  • Africa
  • Europe

How many employees does Cowrywise have?

Cowrywise has 486 employees as of Feb 24, 2024.

Model
  • Platform
Revenue
  • Recurring
  • Transactional
Customer
  • Consumers
Main Product
  • Financial Services
  • Investments
Tags
  • API
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions
Show 14 more industry codes
NAICS
  • 523100Securities and Commodity Contracts Intermediation and Brokerage
  • 523150Investment Banking and Securities Intermediation
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6210Security Brokers, Dealers, And Flotation Companies
  • 6211Security Brokers, Dealers, And Flotation Companies
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6700Holding And Other Investment Offices
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6720Investment Offices
  • 6282Investment Advice
  • 6722Management Investment Offices, Open-end

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