Cowrywise
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| Private | |||
| Industry | Financial technology | ||
| Founded | 2017 | ||
| Founder |
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| Headquarters | Lagos State , Nigeria | ||
| Products | Digitizes investment management for Africans and enables secure access to savings and investment products | ||
| Website | cowrywise | ||
Cowrywise is a financial technology (FinTech) company that digitizes investment management for Africans and enables secure access to savings and investment products.[1] It is licensed by the Nigerian Securities and Exchange Commission (Nigeria) as a portfolio management company.[2] Cowrywise is regulated by the Securities and Exchange Commission (SEC) and based in Lagos State, Nigeria.[3][4]
History
Cowrywise was founded in 2017 by co-founders, Razaq Ahmed and Edward Popoola as a wealth management platform that grants access to financial services to Africans.[5] In June 2018, Cowrywise received seed funding from Microtraction, and was accepted into the Y Combinator Summer 2018 Batch July 2018.[6] In December 2018, Cowrywise was listed as one of the 50 World-Changing Startups to Watch in 2019 by Kairos, an early-stage investment fund in the United States of America.[7] Cowrywise joined Catalyst Fund's portfolio in January 2020, a JP Morgan and UK Aid backed fintech accelerator.[8] In January 2021, Cowrywise raised $3 million pre-series A funding. A round that was led by Washington DC-based Quona Capital.[9] In June 2021, it received a license to operate as a Fund/Portfolio Manager from Nigeria’s capital markets regulator, the Securities and Exchange Commission (SEC).[10]
References
- ↑ "CowryWise to 'democratise' asset, wealth management in Nigeria". Retrieved 1 August 2021.
- ↑ "Ahmed: Our Goal Not to Replace Banks". Retrieved 8 February 2021.
- ↑ "Nigeria's CowryWise launches digital savings platform". Retrieved 8 February 2021.
- ↑ "Cowrywise secures license from SEC to operate as a portfolio management company". Retrieved 1 August 2021.
- ↑ "Cowrywise commits to building sustainable entrepreneurship". Retrieved 8 February 2021.
- ↑ "9 Companies from the YC Summer 2018 Batch". Retrieved 8 February 2021.
- ↑ "Firm makes list of 50 global emerging startups". Retrieved 8 February 2021.
- ↑ "Global Inclusive Fintech Accelerator Catalyst Fund Announces New £12 Million GBP ($15 Million USD) Commitment From UK Aid and J.P. Morgan to Advance Financial Inclusion in Emerging Markets". Retrieved 8 February 2021.
- ↑ "Nigeria's Cowrywise raises $3M pre-Series A to scale its wealth management platform". Retrieved 8 February 2021.
- ↑ "Nigeria's Cowrywise secures licence from the SEC". Retrieved 1 August 2021.
External links
This article "Cowrywise" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.