CowryWise

We automate savings and investment for young Africans.

3 followers

We automate savings and investment for young Africans.

3 followers

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Savings apps

•

Investing

CowryWise is a wealth management platform for young Africans. We enable them have access to high end financial services which are only available to high net worth individuals. With our platform, they can plan and automate their savings and investments towards meeting their financial goals.

Launch tags:Fintech

Launch Team

Framer AI AgentsDesign and publish professional sites with AI

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Nuage Email

Really interesting! I wish you all the success possible. One question though, concerning the return. 10 to 15% return is HUGE. How are you making sure that the investment is secure? (btw, I didn't know about the Nigerian bonds, really interesting!) :)

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8yr ago

CowryWise

Maker

Hello @tsnkff 👋🏾, thank you for the success wish. On security of investment, at the moment we invest the savings in local currency risk-free instruments (treasury bills and bonds) issued by the Nigerian government. The yield environment is quite high in Nigeria. These risk-free instruments yield between 10% and 17%. They were as high as 22% few months ago. Local currency treasury bills and government bonds are the most secured financial instruments in Nigeria. In addition to that, we have an SEC-registered Trustee who holds the assets on behalf of all savers for custody.

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8yr ago

Nuage Email

@razaqahmed1 thanks for the quick reply and for the informations! I suppose that the application is only available for Nigerian or African? Otherwise I'm in!

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8yr ago

CowryWise

Maker

@tsnkff We have launched in Nigeria. We are currently working on launching in other African countries.

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8yr ago

@razaqahmed1 @tsnkff Hmm! Wonder if Cowrywise can allow a global consumer base have access to local risk-free instruments too

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8yr ago

CowryWise

Maker

@tsnkff @yelebademosi It is an expansion plan we have on our road map. Africa to the world 😀. The big elephant there is how to tame the foreign exchange risk involved in doing that. We are looking at possible solutions to cross that bridge.

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8yr ago

Cashmere

Love this! I’m a huge advocate for micro-investing/saving and empowering the youth to make better financial decisions. Great job, guys!

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8yr ago

CowryWise

Maker

@urennalexa Thank you Urenna. Empowering the youth on financial planning is a worthy advocacy!

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8yr ago

CowryWise

Maker

Hi Everyone - My name is Razaq Ahmed. I'm one of the co-founders of CowryWise. Edward Popoola is my co-founder/CTO. CowryWise is a wealth management platform for Africans. CowryWise is a wealth management platform for young Africans. We enable them have access to high end financial services which are only available to high net worth individuals. With our platform, they can plan and automate their savings and investments towards meeting their financial goals. We will be happy to respond to your feedbacks.

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8yr ago

Hustle Crew Academy

@razaqahmed1 Love this idea, what countries do you support right now? I noticed naira on your homepage images, represent! 🇳🇬

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8yr ago

CowryWise

Maker

@abadesi Thank you 🙏. We started out from Nigeria. Fully functional. We are currently working on opening our channels in other West African and East African countries.

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8yr ago

As part of the investment team working with @cowrywise, I am really excited to see them on ProductHunt. I have been a user for 6 months and my saving habit has improved. Great customer service, easy to use product, exceptional team. Congratulation guys!!!

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8yr ago

CowryWise

Maker

@cowrywise @natekorl Thank you Dayo 💪🏽

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8yr ago

I used to be terrible at saving, I also thought investment was too cumbersome; now I save and invest easily and on my own terms. Cowrywise is a blessing!

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8yr ago

I have been using this app for almost a year and to be honest, it has helped me in saving up for different goals and I couldn't have achieved more without tgis beautiful app..

Pros:

Saving and Investing is now very easy and rewarding for me. UI/UX, good returns and excellent customer service.

Cons:

None so

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8yr ago

As an early investor and user of @cowrywise, super excited to see Cowrywise on ProductHunt. Been a user for almost a year now, incredible product, great team and solves a huge problem for millennials across the continent. Congratulations guys!!!

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8yr ago

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