Nigeria’s Cowrywise raises $3M pre-Series A to scale its wealth management platform

by RJ Shara | Jan 28, 2021 | Fundings and Exit, Startups

Cowrywise, a Nigerian fintech startup that provides digital wealth management and financial preparation services, has actually raised $3 million in pre-Series A financing. Quona Capital led the round as Tsadik Structure, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors locally and in the diaspora participated. The business previously raised more than $500,000 through […]
Cowrywise foundersCreatorsEdward Popoola and Razaq Ahmed) The company business focus, deciding to build develop existing payment infrastructure companies business Flutterwave and Paystack. One of Cowrywise’s darkest days came last September when a client took to Twitter to complain about its lack of interaction in reported stolen funds from her account.”Razaq, Edward, and the Cowrywise team are supplying daily Nigerians with easy access to flexible and effective wealth-generating tools that have normally been reserved for individuals who are already rich,” stated Bosini to TechCrunch. Cowrywise is one of the many wealth tech startups on the continent. …