Fintech startup Cowrywise secures license from the SEC to digitize investments in Nigeria

NIGERIA – Cowrywise, a fintech startup, has been granted a Fund/Portfolio Management License by the country’s Securities and Exchange Commission (SEC), enabling it to operate as a fully-fledged funding management company. Securing a Fund/Portfolio Management license from the SEC emboldens the startup in its ambition of onboarding 10 million retail investors to the formal investment management industry by 2025. With the new license, the startup plans to offer more for its partners (fund managers) and investors on its platform. Cowrywise also said it will be making its APIs public to…

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Fintech startup Cowrywise raises US$3m pre-Series A funding to expand its product offering

NIGERIA – Cowrywise, a digital wealth management and financial planning solution startup, has raised US$3 million in pre-Series A funding to expand its product offering, support the onboarding of more fund managers, and build out its investment management infrastructure. Launched in 2017 by Razaq Ahmed and Edward Popoola, Cowrywise offers easily accessible, goal-oriented savings and investment products with more competitive performance rates than traditional alternatives. The startup currently has 19 different mutual funds available through its platform, which allows users to get started saving and investing with as little as…

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