{"id":5540,"date":"2021-06-28T20:41:37","date_gmt":"2021-06-28T19:41:37","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=5540"},"modified":"2021-06-30T17:47:08","modified_gmt":"2021-06-30T16:47:08","slug":"fund-portfolio-management-licence","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/","title":{"rendered":"Cowrywise Secures Fund\/Portfolio Management Licence from the SEC"},"content":{"rendered":"\n<p>The <a href=\"https:\/\/sec.gov.ng\/\">Securities and Exchange Commission<\/a> (SEC) of Nigeria has granted Cowrywise Financial Technology Limited (\u201cCowrywise\u201d) a Fund\/Portfolio Management License. This will enable it to operate as a full-fledged fund\/portfolio management company.&nbsp;<\/p>\n\n\n\n<p>Cowrywise is a Nigerian-based fintech company democratizing access to investment products for retail investors. Securing a Fund\/ Portfolio Management license from the SEC emboldens our ambition of onboarding 10 million retail investors to the formal investment management industry by 2025. With current registered users of 300,000 and an average age of 26 years, Cowrywise boasts of a young user demographic who are actively investing and learning about investment for the first time.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;We are excited to issue the first license in the fund\/portfolio management category to a fintech player in Nigeria, Cowrywise. This is a demonstration of our resolve to support technology innovation in the development of the Nigerian capital market while making investor protection a priority.<em>\u201d<\/em>   <\/p><cite>Emomotimi Agama, Head, Registration, Exchanges, Market Infrastructure and Innovation at the SEC<\/cite><\/blockquote>\n<\/div><\/div>\n\n\n\n<p>Having partnered with a growing number of fund managers and on-boarded <a href=\"http:\/\/cowrywise.com\/mutual-funds\" target=\"_blank\" rel=\"noreferrer noopener\">21 different mutual funds<\/a> on its platform, Cowrywise is digitizing the investment management industry and creating easy access to investment products for first-time investors.&nbsp;<\/p>\n\n\n\n<p>At the heart of the widespread adoption of Cowrywise among first-time investors is the fintech\u2019s structured financial education program tailored for both the working class and student population. Cowrywise also leverages its proprietary algorithm to recommend diverse mutual funds to users based on their risk profiles.&nbsp;<\/p>\n\n\n\n<p>The YCombinator alum recently closed a $3million pre-Series A round led by Quona Capital. It will continue to forge more partnerships with other fund managers to fully digitize the asset management infrastructure and deepen the Nigerian capital market for the next generation of retail investors.&nbsp;<\/p>\n\n\n\n<p><strong>Signed by Management<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) of Nigeria has granted Cowrywise Financial Technology Limited (\u201cCowrywise\u201d) a Fund\/Portfolio Management License. This will enable&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[135],"tags":[189,397,396,400],"coauthors":[],"class_list":{"0":"post-5540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment-tips","8":"tag-how-safe-is-cowrywise","9":"tag-is-cowrywise-registered-with-the-sec","10":"tag-is-cowrywise-regulated-by-the-sec","11":"tag-securities-and-exchange-commission"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cowrywise Secures SEC Fund\/Portfolio Management License<\/title>\n<meta name=\"description\" content=\"Cowrywise has been issued a fund\/portfolio management license from the Securities and Exchange Commission. It is the first fintech to get it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cowrywise Secures SEC Fund\/Portfolio Management License\" \/>\n<meta property=\"og:description\" content=\"Cowrywise has been issued a fund\/portfolio management license from the Securities and Exchange Commission. It is the first fintech to get it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/\" \/>\n<meta property=\"og:site_name\" content=\"Cowrywise Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/cowrywise\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-28T19:41:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-30T16:47:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2021\/06\/fundportfolio-management-licence.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2501\" \/>\n\t<meta property=\"og:image:height\" content=\"1407\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ope\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cowrywise\" \/>\n<meta name=\"twitter:site\" content=\"@cowrywise\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ope\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/\"},\"author\":{\"name\":\"Ope\",\"@id\":\"https:\/\/cowrywise.com\/blog\/#\/schema\/person\/04a8b1c88ff4fbf5ba81cec7e2c88d07\"},\"headline\":\"Cowrywise Secures Fund\/Portfolio Management Licence from the SEC\",\"datePublished\":\"2021-06-28T19:41:37+00:00\",\"dateModified\":\"2021-06-30T16:47:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/\"},\"wordCount\":301,\"commentCount\":14,\"publisher\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2021\/06\/fundportfolio-management-licence.jpg\",\"keywords\":[\"how safe is cowrywise\",\"is cowrywise registered with the sec\",\"is cowrywise regulated by the sec\",\"Securities and Exchange Commission\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/\",\"url\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/\",\"name\":\"Cowrywise Secures SEC Fund\/Portfolio Management License\",\"isPartOf\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cowrywise.com\/blog\/fund-portfolio-management-licence\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cowrywise.com\/blog\/wp-content\/uploads\/2021\/06\/fundportfolio-management-licence.jpg\",\"datePublished\":\"2021-06-28T19:41:37+00:00\",\"dateModified\":\"2021-06-30T16:47:08+00:00\",\"description\":\"Cowrywise has been issued a fund\/portfolio management license from the Securities and Exchange Commission. 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