Cowrywise: Save, Invest safely

Cowrywise

About this app

Cowrywise is a wealth management app that enables you to plan, save and invest money easily. With direct access to the largest pool of mutual funds in Nigeria, you can build your savings and invest in Naira and USD denominated assets, manage your money securely and build a better financial future.

With the Cowrywise app, you can:
Save for short-term and long-term goals:
● Start automated savings with our Regular Savings Plan
● Stay disciplined and save for long-term goals like education, housing, retirement, a wedding, or your business
● Earn stronger interest rates than you’ll find at any bank in Nigeria

Own a piece of Naija’s top performing companies
● Naija, how market? The doors to the Nigerian Stocks Exchange are now open to you! Buy stocks of over 140 companies listed on the Nigerian Stock Exchange, right on the app.
● Get access to real-time data, business insights and historical performances of each company
● Get a visual snapshot of how the Nigerian Stock Market is performing through our State of the Market interactive heatmap.
● Get actionable tips with our in-app stock mini course to help you on your Stock Investing journey.

Invest and grow your wealth:
● Invest and diversify your portfolio by investing in any of our Naira & USD denominated mutual funds from top investment firms in Nigeria. Invest in mutual funds that match your financial goals and risk appetite

Feel safe when you trust us with your money:
● Your savings are invested in low-risk financial instruments, held by Zenith Nominees, and registered with the Security and Exchange Commission (SEC). This means your money is professionally managed and secured.
Never feel like you’re doing it alone:
● We offer support through the app, phone, email, Facebook, Instagram, and Twitter. Whether you need help with set-up or want to talk to an advisor about the investment plans, we’re always here to help!

Don’t wait another minute to take control of your financial future. Start planning for short-term goals, and long-term goals now by creating savings and investment plans with Cowrywise.

Ratings and reviews

While your app is great and all, there should be a way to withdraw from a locked savings plan. Maybe by having to pay a particular amount as penalty fee if the savings gets unlocked before its maturity date. The way you guys are doing it currently is kind of crazy. Also making people relock their savings plan before allowing them to withdraw from it is also insane. And your returns on investment plans also sucks!

I have used Cowriewise for the past three years, and I can confirm that they are reliable and have helped me develop a better savings and investment culture. My only concern is with buying stocks through their investment platform. The buffer charge and additional costs make short-term trading expensive due to the added costs per unit of stock purchased.

One of the best when it comes to Investment. But, please kindly allow the app to be given investors notifications on details of investments (amount invested on a particular stock/mutual fund and units bought) within the app. This is very important along with the email notifications you are already doing. Please allow this, like other fintech apps give transaction details within their apps. Thanks and keep up the good work.

What’s new

You can now invest in your favourite Nigerian companies and own a piece of them.
Find your Nests in your profile - organised and in one place.