Introducing Cowrywise: A digital-first wealth management platform
Over the past years, Cowrywise has positioned itself as the dominant, digital-first wealth management platform for the young generation of Nigerians and Africans, built to simplify and democratize access to savings and investment products.
One universal truth about personal finance is that it is worthwhile to save and invest: for the proverbial rainy days, our own education, children’s education, emergencies or just for a planned holiday.
However, saving and investing in the conventional sense of the word can be anything from being difficult to an outright harrowing endeavour, especially when you have immediate access to your cash to quench tempting desires. Our needs and wants most times take the first claims on our hard-earned money. This soon becomes a vicious cycle, hard to break from.
What is Cowrywise?
Cowrywise is a savings and investment platform developed to equip individuals with the required tools to make personal financial management a lifestyle. Also, it is built not only to make periodic savings and investments easy and automatic but also to enable monitoring of savings, investments and net worth.
Cultivating a saving and investment culture is a game of gradual behavioural changes that require time and consistent baby steps to take root. This important fact is the rationale behind the birth of this blog. Cowrywise will serve as an educational platform for the dissemination of personal finance tips and available investment opportunities in Nigeria.
Sprout by Cowrywise
Sprout is a modern treasury management for businesses. In addition to making investments easy for individuals, Sprout is a central platform focused on helping businesses invest their spare cash easily and earn better returns. You get easy access to secure, flexible, low-risk, business-friendly investments from top fund managers.
Triggers by Cowrywise
Triggers is a smart, revolutionary, and automated way to save and invest. Currently, with Triggers, you can save/invest when your football club or favourite player scores a goal. Every time you take a predetermined action, you’ll be saving or investing, depending on the condition you set. It is the future of embedded finance; a simple, automated way to build wealth while doing the things you love.
What is our goal?
It is our mission to build a savings and investment platform that will allow individuals and businesses to enjoy a personalized financial management experience as we believe the concept of wealth is broader than the amount of money in bank accounts. A deep sense of financial security comes from knowing where you stand financially across all aspects of your life and business.
Welcome to Cowrywise Blog where we help you understand your money better. The blog focus is on the following:
We look forward to a blissful experience as we build together for the long term!
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