One major question people ask about us is “Is Cowrywise Legit?!”, “How safe and secure is Cowrywise?” At Cowrywise, security is a priority for us. We ensure that your savings and investments are very well protected. In this article, we’ll be clearing any doubts you might have about the security structure of Cowrywise.
Where is Cowrywise located?
We have a beautiful office space located in the heart of Ikeja, Lagos; one you can always visit. Our address is 5C, Rev. Ogunbiyi Street, GRA Ikeja. We’d be glad to have you stop by sometime!
Is Cowrywise legit and regulated by the CBN or the NDIC?
The NDIC is the body that insures bank deposits. Cowrywise Financial Technology Limited (“Cowrywise”) is a fund manager duly registered and licenced by the Securities and Exchange Commission (SEC) of Nigeria. Just as the CBN is to banks, the SEC is the overall regulatory body for investment platforms like ours.
What does Cowrywise invest in?
Cowrywise helps users who opt-in for interest to invest their savings in treasury bills, government bonds and high-quality commercial papers. These choices of investment are motivated by the desire to provide our users with low-risk investment options that still yield high returns. Globally, treasury bills and government bonds are adjudged to be the most secure investment options.
Cowrywise Financial Technology Limited (“Cowrywise”) is a fund manager duly registered with the Securities and Exchange Commission (SEC) of Nigeria.
Why does Cowrywise require my debit card details?
All transactions are done using your debit cards as we help take away the hassle of banking halls. Payments are made via your bank-issued debit cards, secure and seamless. Have no worries though, our payment processors are PCI DSS compliant (globally certified) to ensure all delicate details are encrypted and rendered unreadable.
How does Cowrywise offer high returns?
Your saved funds are invested securely on your behalf for the duration you choose. Our investment portfolio is a fine mix of both high-quality and low-risk financial instruments issued by both the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO). The interest earned on your savings is earned from the returns of those instruments.
Would you love to get started with your investment journey? You can download the Cowrywise app now.
So, is Cowrywise legit? We 100% are! ?
Read our users’ testimonials and be inspired by how they use Cowrywise to transform their finances.
Want to find out more about our investors, company culture and the amazing team who make work worth it every day? Check our About Us page.
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Great initiative to address this important issue.
Thanks for addressing this issue. I have always wondered how you it works.
It makes sense also request for death proof from d next of kin before any transaction
I have a case just like this but my brother is the next of kin and he was told to visit the ministry of Justice for a letter of approval which he did,, they told him the letter will be ready within 2month after spending some amount of money to my surprise it was more than 6month and just this Monday letter was taken to bank.
Bank also are saying we should come back later for a review that we should keep checking
I like this ideas
This is a good piece of information.
Thanks for the information, can I state both my adult children as next of kin because I have been told that using one could cause a rift
Sure you can.
Very detailed and explanatory. Thanks.
Yes my name is chiamaka i have a case like this my dad use as next of kin to process his dividend to the one of the nigerian bank but now he died on august last year and we buried him three months ago as a next of kin i dont no the required document i will use to go and present to the bank to claim his money he did not write any will only next of kin he uses thanks
My mum is my dad’s next of kin, he died few months ago as a polygamist he has no will what do we do.
Quite good, love that and will update mind, nice ? being part of Cowrywise.
Great!
I have a case just like this but my brother is the next of kin and he was told to visit the ministry of Justice for a letter of approval which he did,, they told him the letter will be ready within 2month after spending some amount of money to my surprise it was more than 6month and just this Monday letter was taken to bank.
Bank also are saying we should come back later for a review that we should keep checking
I would have loved to used my mom as the next of kin but she doesn’t like using Android phone thus she didn’t have any email address,, I don’t really trust my immediate younger sister that much so I used my second younger sister I just hope it wouldn’t cause any hatred towards each other
Thanks for taking the time to explain this . Great ?