Cowrywise and Meristem Wealth Management Limited recently agreed on an important partnership. This partnership makes it possible for millions of Nigerians to gain access to affordable mutual funds with as low as NGN1000.
This alliance will blend over 15 years of investment experience from Meristem and the nimble nature of Cowrywise; the only African firm on the list of 50 global startups to watch out for in 2018. Mutual funds to be retailed through this partnership are the Meristem Money Market Fund and the Meristem Equity Market Fund.
Expressing his expectations of this partnership, Razaq Ahmed, CEO/Co-founder, Cowrywise said: “We are assured that with this partnership we’ll be unlocking a new channel to fill in the gap of wealth-building for the mass market. A gap that has been previously dominated by Ponzi schemes and has caused indescribable pains to Nigerians.”
In the same vein, Taiwo Yusuff, CFA, Head of Asset Management, Meristem Wealth Management Limited, had this to say, “Right from the onset, we have been focused on reshaping the Nigerian investment space. With a unique array of products, in the past 15 years, we have been able to keep up with this goal.
Hence, we see this partnership with Cowrywise as a deepening channel for our reshaping goals and our commitments to financial inclusion. It is quite exciting to us, as a team, that our products will now be available to everyone at just NGN1000; we see that as a significant move that will help take participation in the industry to unprecedented levels.”
Settling any worries about disproportionate experiences, Meristem also stated that the sterling experience it offers will not be altered with this retail offering. The overall goal of this partnership, which will involve other top players in the industry, is to ramp up the number of mutual funds’ investors from about 400,000 to over 10 million by 2025.
About Meristem Wealth Management
Meristem Wealth Management Limited (MWML), the first and only GIPS-compliant wealth manager in Nigeria, was incorporated in August 2008 and registered as a Fund and Portfolio Manager with the Securities and Exchange Commission (SEC). Its assets under management (AUM) have grown consistently over the years and were in excess of 190 billion Naira as of December 2018.
Media Contacts
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Awemazing!
There should be a clap or like option or ‘Super freaking amazing’ tab to click on after reading such a breakdown like this.
Great work!
Awesome… Love the blue fam??
Amazing job! Well done team!
I read this about 7am. A very amazing to get me fueled up for the day!!! Awesome work ?
Cowrywise for life..
Wow..this was an amazing read!!! I feel like I was literally a part of the process.
Amazing job. I’m with you guys any day anytime ❤❤
Great job by the team. We needed some kind of encouragement.
???
Waw it was amazing Gud work cowrywise team ❤
Really impressed keep up the good job.but I think there are some other things u need to add.
Cowry wise.
Used to check your website all the time for design inspiration?
This is super amazing. Good job guys
I will be part of you. Very soon!
I love as easy it is to login and the look and fill is perfect for me… My best color is blue and love the color here
This is an awesome creation. I admire your team. Great job indeed!
Wow
Am mesmerized
Hope to join this team
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Wow! So much technicalities involved, but then I am rested assured my moneys safe! Lol..Glad to join cowrywise!
Okay Ope of cowriwise now that you guys have disturb me sotay I want to join
Great work
This is commendable work from the team. This is the kind of workspace I’ll love to be in soon. Collaborative leadership at its core. ??
Congratulations to the team for pulling this off.
It’s a pleasure to be a member here
Hope to see more improvements and most of all make more money
Amazing job from the entire.welldone!
Amazing job from the entire team.welldone!
This was so dope. Nice one to the Cowrywise team and my guy, FEYI FOR LIFE ?
Thumbs up!
Great work guys
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I started using Cowrywise during my Youth Service in 2018 June. It has been an wholesome experience since then.
Great job to the whole team
Beautiful story telling… and great job you all have done
Awesome read. Proud-a-y’all♥️
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well done,great team work .
I was sincerely glad to see my progress overtime presented in such an engaging manner. I even enjoyed posting it on social media and finding other friends who could relate. Thanks for sharing the story as well. Keep up the superb work!!!
Awesome. I really like how you guys explained the entire process in detail. As a programmer, I learned some new techniques. Kudos.
Mhennnnn!
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Thanks for this article.. Kudos to your dev team.
You know what, I have always been a low key cowrywise ambassador but after reading this, I just might want to join the team full time.
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is just beautiful weldon guys
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This is inspiring.
Y’all are amazing..
Love this! Thank you for giving us a front seat into the team’s efforts while creating this feature. I absolutely enjoyed reading this and I’m inspired to do more with your brand. Well done guys!????
One bottle of your favourite brand to everyone at Team cowrywise…
I enjoy the write up and the regular updates.
thank you
Great piece of work guys.
The beauty of working with a motivated team from scratch
The beauty of team work and perseverance.
Your team did an amazing job ??. I learned a lot from this article.
Amazing Story
Awwwwwn
This is inspiring
Very Interesting read! Keep it up.
Thank you, Joshua!
You are doing great job, my dear Ope.
I love Cowrywise;Cowrywise forever.
We love you too!