# Cowrywise Financial Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cowrywise-financial-technology

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.cowrywise.com
- Total disclosed funding: $0.2M
- Latest round: Seed (Dec 18, 2018)
- Investors on record: 3

## About

Based in Lagos, Nigeria, and founded in June 2017 by Ahmed Razaq (CEO) and Edward Popoola (CTO), Cowrywise Financial Technology Limited operates as a financial technology company that provides digital wealth management and financial planning services intended to democratize access to savings and investment products. The company currently has 15 employees. In January 2021, Cowrywise received a venture funding investment led by Quona Capital.

Cowrywise offers accessible, goal-oriented savings and investment products with more competitive performance rates. The company currently has 19 different mutual funds available through its platform, which allows users to get started saving and investing with as little as NGN100 (USD 0.25). The platform leverages internal algorithms to recommend investment products that meet the individualized needs of each consumer, many of whom had previously never made an investment. 

The venture funding will be used to expand its product offering, support the onboarding of more fund managers, and build out its investment management infrastructure.

## Funding rounds

- Seed, Dec 18, 2018 — Kairos
- Seed, Aug 1, 2018, $0.1M — Y Combinator
- Angel, Jun 13, 2018, $0.1M — Microtraction

## Investors

- Microtraction (https://capitalatlas.ai/funds/microtraction) — Angel
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Kairos (https://capitalatlas.ai/funds/kairos) — Seed