We’ve all been told how saving and investing can make us wealthy. We all read stories about Warren Buffet and others who invested their way to wealth. According to Investopedia, “investing is the act of committing money or capital to an endeavour (a business, project, real estate, etc.), with the expectation of obtaining an additional income or profit.”
From this definition, it is clear an upfront amount/capital must have been invested earlier in order to reap additional income. This upfront capital is the reason lots of people do not consider investing. This is understandable because the current investment management system is designed to benefit those who have a relatively large amount of capital to invest. For instance, most investment management firms in Nigeria require a minimum investment amount from N5000 to N50 Million and above.
So how does someone with little income start investing? The answer is Cowrywise.
Our mission at Cowrywise is to democratize access to wealth management services. For the uninitiated, this simply means financial planning, saving and investing money. Cowrywise helps you achieve all these. Behind the scenes, the Cowrywise platform is set up to help you with saving and invest your savings in risk-free investment instruments, that normally is only available to people that are investing actively with large upfront capital.
Cowrywise is “Savesting” for everyone! (New word alert, meaning saving and investing at the same time).
This provides Cowrywise savers with 3 key benefits:
1. They get to automate their savings securely.
2. They get to keep their savings locked away from bank charges and fees.
3. They get to enjoy the benefits/returns that are only available to high net-worth individuals.
Today, Cowrywise is providing access to thousands of young people by helping them with saving and investing in the best possible way. This means that they do not have to wait until they save up large sums of money before they can start reaping the rewards of investing money.
Cowrywise is absolutely free of any charges or penalties. We make money when your savings earn returns. And even better, you get the larger part of the returns (≥10% p.a). In comparison, your bank’s savings account currently gives you around 3% interest p.a.
To provide security of funds, we have partnered with Meristem Trustees, an SEC-regulated trustee to hold all our savings and investments on behalf of savers. This means, you never ever get to lose money. We also use a PCI-DSS certified payment processor to move your savings from your bank account securely into your Cowrywise account.
Get started with Cowrywise now and start savesting!
See you at the top!
Does Cowrywise have 2FA on its app?
Yes Deji. https://cowrywise.com/blog/two-factor-authentication/
This is an amazing article, Cowrysiwe. Kudos to everyone who worked on it.
Really nice article, keep it up Cowrywise and thanks for the awareness.
Thanks for these eyes openers.
Guys you are the best always
But,you should have resolved Funmi’s complain before she made it public.so,was the court order gotten?If it took forever for a funmi to get her funds back, what happens to people without clout?
Let me explain. While Obama was at a rally, someone from the crowd shouted at him about how immigrants were been deported. The issue was that these were illegal immigrants who were working honestly but contributing to America’s workforce, and hence it’s development… But it was tough, they are still illegal immigrants, right? So Obama replied: We [America] are a country of immigrants, yet we are a country of law. How do these two things cohabitate? The answer is: reasonable compromise.
It might be hard to explain to you that it wasn’t the clout that made her get her money, it was months of hard work in tracing the suspected thieves and following the law. The funds were transferred in a normal way any funds will, and the best thing was to work with Funmi to get the money back… By following the law. Unfortunately it took more time than Funmi’s patience, but eventually.
As a Software Engineer myself, one requirement is to always think and be ahead of the intruders… But you’d be surprised that as much as we try to make things for consumers that make their lives easier, there are people somewhere who’s purpose is to destroy that work. It’s tough but possible. We can stop them, or at worse, recover our stolen funds or losses… Even Twitter and other famous website gets gamed or hacked. Is this a justification for Funmi’s case, no. It’s just a point to help you understand, these things are tough. And we all have a role to play.
But we’d hold your hands all through. Trust us.
Impactful and mind opening
Funmi made our cowrywise even stronger?
Thanks for the eye opener. Does cowrywise have 2FA.
Yes we do now, Ifeoma https://cowrywise.com/blog/two-factor-authentication/
Nice one
My account was flagged because of a transaction I made and my 2000 is hanging. How do I get it back????
Thanks for your patience. A flag is initiated when we suspect a transaction, and it is designed to keep you safe. Have you filled out the verification form we sent, please?
My account was flagged I don’t know why and my 90000 is hanging. How do I get it back????
My account is flagged ?and I send a send to be open back I fill the forms and everything? It a week now till eating ,I need the money for business pls u guys should help me ,I can’t even send massage for help ,it only show before massage and she is not reply am getting scared already
This is enlightening. Cowrywise, thanks to your team.
Thanks cowry wise. For a more detailed information on this issue. Thank you.
Insightful and Enlightening. Thanks
Why do I need to my bvn to cowrywise, I don’t feel that is necessary since have already linked my atm card
Why do I need to add my bvn to cowrywise, I don’t feel that is necessary since have already linked my atm card
With your BVN added, we can ensure that withdrawals only go to your bank account.
how do i unflagged my account?
This is a very insightful article. Thanks.
Thank you.
Please I have been asking and begging to unflage my account and no attempt from you please I will still be pleading again unflage my account so I can top up my savings I have sent emails upon emails chart on charts but no attempt to unflage my account was made please unflage my account
un flagg my account why is that flagging thing just common. now i cannot withdraw my saving when i have plannned to use to t
o buy a system
Good insight from Cowrywise team
More win ?
Is it working
Hi ope, I want to withdraw my savings but I am finding it difficult because they keep asking me to put another maturity date which I don’t want to extend that very savings. This is my first time of withdrawal on cowrywise.
This is super enlightening. Thank you Cowrywise ?
I learned a lot from this kudos to the writer