Cowrywise and Afrinvest Asset Management Limited have partnered to offer Nigerians access to investment opportunities with as low as N100. Cowrywise users will now be able to invest in mutual funds including the Afrinvest Plutus Fund, Afrinvest Equity Fund and the Nigeria International Debt Fund.
This partnership comes on the back of a joint commitment to deepen financial inclusion and demystify investments in Nigeria. With the introduction of Afrinvest’s products on the Cowrywise platform, our users can make quick, easy and well-informed investment decisions. Furthermore, our mutual funds’ platform boasts a risk assessment process that guarantees the proper matching of investors with the most suitable funds; based on their risk tolerance and investment objectives.
In speaking to the primary objective of this collaboration, Ola Belgore Managing Director, Afrinvest Asset Management Ltd., said, “Over the years, we have worked tirelessly to deliver innovative investment products and services that cater to investors at various income levels. Our goal is to prove that no matter who you are, where you come from or what you do, we have the right product for you. We are, therefore, excited about this partnership with Cowrywise because it gives us a unique opportunity to reach the thousands who are taking bold steps in the right direction towards financial responsibility.”
Our CEO, Razaq Ahmed, CFA, had this to say of the value of this partnership, “Our partnership with Afrinvest is a significant stride in our efforts to boost active retail participation in the capital market to 10 million Nigerians by 2025. We are, therefore, proud to once again deliver affordable and profitable investment products that will deliver immense value to Nigerian investors. We are eliminating the barriers to entry by allowing every Nigerian to take advantage of profitable investment options with as little as N100; an opportunity that would have otherwise been unattainable. We are saying come one, come all.”
In keeping with the goal for financial inclusion, investors in any of the Afrinvest products on the Cowrywise platform will enjoy the same benefits as any other type of investor including capital preservation and income generation as applicable.
About Afrinvest Asset Management Limited
Afrinvest Asset Management Limited (AAML) is licensed by the Securities and Exchange Commission (SEC), Nigeria, as a portfolio manager. The wealth management firm has introduced more retail-focused products and services that have significantly increased access to investment products including the Afrinvest Gift Shop which allows clients to gift loved ones with investments; and the Afrinvest Plutus Fund which allows clients to invest with as little as N5,000. For more information, visit www.aaml.afrinvest.com.
Media Contacts
Eleojo Emmanuel, +234 1 270 1680 (371), eemmanuel@afrinvest.com
Feranmi Ajetomobi, +234 802 221 2229, support@cowrywise.com
Wow! This is well explained.
Thank you for the clarifications. You guys are truly reflecting your core values. Good job!
Please do not go ahead with the mandatory 24 hours wait period during the withdrawal from stash to a personal bank account
It is too much of an inconvenience to be a feature. Please do reconsider.
Some of your competitors do not have this restriction in place
It would be very much appreciated if this can be an option we users can select in terms of security
Good , my very concern is that I have been using Cowrywise in order to discipline myself in saving for my yearly house rent now that am in need of fund , hoping of transferring from stach to my bank account
My concern now is how much can someone withdraw from stach account without flagged , currently am in emergency and the only hope is Cowrywise
Yeah, the 24hrs is not bad but at the other hand, 24hrs withdrawal in case of emergency will be the worst thing so far because nobody knows what is going to happen in the next few minutes or even seconds
I think your suggestion is very okay by me.
I really enjoyed the short brief lecture but still hoping on the higher investment like the bill gate etc.risky I think
Wow I think I love this app my first time to save money in cowrywise i will trust them
Excellent article, investment lifecycle gibberish on cowrywise was well explained ?
The ideal of 24hr waiting time to withdraw from stash is still not explain here, even though u said it might be inconvenient for a short time but on the long run the customer will appreciate it doesn’t answer the question of why the long time (24hr) withdrawal will be appreciated.
What is the sole reason for 24hrs delay, even if my fund are in the care of third party custodian. What are modality of updating withdrawal time of 24hr when I can make a withdrawal in few minutes. It still not clear.
I believe we are supposed to be going forward here, not back ward. Technology is advancing that why we on the era of 5G.
Pls it doesn’t sound healthy.
Really good, have been using cowrywise pass a year and I don’t know issue with my investment acc, but last month on my willdraw date I willdraw to stash and instead for me to press transfer to bank account I mistakenly press transfer to plan, so painful because the money was refunded to the plan and i have planned on the date already, well that is on that, I just want to say you should keep Doing good work , helping us to do it well on the plan account,leave the willdraw date for us , where by if we mistakenly resend back the to plan please let us be able to willdraw back to stash at desame day . Thank you
Love this application
Cowrywise to the world✈️✈️
You guys are really doing a great work out there?…keep it up?
Wow. I think with this explanation, I’m getting somewhere
This is smart! Thank you cowrywise for your services, it’s 100%
A write up of how cowrywise is just an investment company and not a bank.
You kept repeating you are not a bank but an asset management…were you bank 3 or 4 years ago that i have been using cowrywise and there was instant withdrawals. I really do appreciate cowrywise because I have really cultivated the attitude of saving but am not cool with this recent development. There’s a reason for locking my savings to a particular day.
Keep up the good work
The investment part is well explained, thank you cowrywise for always doing a good job, however the reason for the 24-hour window for withdrawal is still not explained here. Withdrawing from stash should be quick as possible, at max should happen the same day. You say we shld plan ahead, we never can tell what may come up.
24-hours is a really big deal.
Insightful, I think you are doing really great.., thank you for always
Keep up the good work .
I like the investment
Appreciation to the detailed article,however the 24hours new approach on withdrawals may not be ideal for emergencies. Kindly take a second thought on this even in the midst of risk exposure. Thank you
Thanks for your help Cowrywise I have been using for a year and I have no problems, please keep up the good job?
But the ideal of 24 hrs honestly I don’t like it, I noticed it today when I make a withdrawal from my stash , please it’s so embarrassing
I beg you see to that.
I really don’t like that 24hrs withdrawal because the date I’m to withdraw my funds I know why Input that date there why must it be 24hrs I don’t accept this one
Honestly this 24 hours withdrawal is not making any sense to me.I have been using this app for the past 4 years and why I feel comfortable with it is because once withdrawal is made it’s being credited asap so you have nothing to worry about and that’s how I was able to invite others to join because they know they can access their funds asap .
Hello Guys,
I appreciate you guys alot. Been using cowrywise i think about 3yrs now.
This idea of 24hrs in stash is not buyable . I set the date for a particular reason. Kindly review.. i should be able to use my set saving on the proposed date set.
Thanks
U guys are so amazing Thank alot?this app is good
Keep up the good work