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Nigerian Startup, CowryWise Receives US$50,000 Funding From New York Based Investment Fund

Nigerian Startup, CowryWise Receives US$50,000 Funding From New York Based Investment Fund

Funding

Nigerian Startup, CowryWise Receives US$50,000 Funding From New York Based Investment Fund

Nigerian Fintech startup CowryWise has been listed among 50 emerging startups tackling the world’s most pressing problems by Kairos, an early-stage investment fund in New York.

This recognition came with US$50,000 investment from Kairos, access to their ecosystem and media coverage to help drive exposure for the company.

This comes after a rigorous selection process that had 2,500 early-stage startups from 65 countries applying with 50 companies making the cut with CowryWise being the only African startup in the list.  

Read: Kenyan Health Startups Maisha Meds, Turaco Secure US$80,000 Grant From Villgro Kenya

CowryWise will also have an opportunity to attend the invite-only Kairos 50 summit where they will be able to showcase their product to a group of CEOs, government leaders and investors.

Founded in 2017 by Edward Popoola, Razaq Ahmed, CowryWise provides secure online savings and investment platform that helps one automates their savings and investment, taking away the stress and planning required to do such on a regular basis thereafter generating daily interests over a period of time.

A customer only needs to sign up with their phone number and email address to link their bank account to the CowryWise platform.

Earlier this year, the company was accepted into the esteemed Y Combinator Summer 2018 Batch where they received US$120,000 in funding.

Image Credits: Techcrunch

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