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, or check out this simple guide we wrote for you.
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.
I was introduced by a friend of mine, but the problem is am still scrared. Though I have registered hope my money is save?
Yes, everything is fine. Just as the article shows, we are under strict regulation.
Please how will I know my balance and how to withdraw my money from cowrywise
Hi Bashirat, it’s easy.
Your Stash balance will show in the Stash tab on your homepage.
While all funds in any of your plans will show under each plan.
Good evening,I had being trying to continue with my registration but stock at the scan stage for the security of one’s account. Kindly help.
Thanks for the assurance 😘
Hi, please i made savings today through my mobile app just like the way I usually do it, but it doesn’t reflect in the balance, so how else do i go about it?
Hi 👋🏽 Can you please confirm that it now reflects? If not, please reach out to us at firstname.lastname@example.org and we’d be happy to get that sorted for you.
Thanks man, my complaint has been resolved, Cowrywise is the best 😍
Is cowrywise still legit
Good evening just wanna be sure if can trust cowrywise in savings money.. I hope I didn’t ask too much?
Pls can you show me your license number on SEC
Hello aside from saving
How can I invest on the app
Hi Ayo, we have a range of financial planning and investment products for you. Feel free to check out cowrywise.com/invest to see our range of investment products.
Hi, good afternoon my name is Peace is your company registered under SEC is it cowry investment securities LTD and cowry Assets management LTD as stated?
Why Cowrywise ask for my BVN and my credit card number,why not acct number..
Information told us not to expose our BVN to any person
it’s as nice as I thought so I think is best investing with cowrywise app
I will try and start saving with small amount
My issue with this is they are asking for my bvn which I’m in daunting to know the reason because it’s risky to share bvn to any online company just like that.
Pls can I know the reason cowrywise is asking for Bvn
I heard that all chinese banks will be close down soon, please hope cowrywise is not also among