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Cowrywise: Save & Invest Money

Finally, financial independence isn't just a fantasy; this app makes it a reality.

Finance & Crypto ›

Key Figures

Downloads

500k+

User Rating

4.5/5

Total Ratings

39.2K

Publisher

CowryWise Inc

An in-depth evaluation of key functionalities for financial growth and security in the Nigerian market.

Core Features Analysis: Cowrywise

Robust Regulatory Compliance & Asset Security

The app ensures user funds are secure by being licensed by the Securities and Exchange Commission (SEC) and using Zenith Nominees as a custodian for savings, which are invested in low-risk financial instruments.

Automated & Flexible Savings with Competitive Returns

It allows users to set up automated savings plans with as little as ₦1,000, offering daily, weekly, or monthly contributions and earning double-digit interest rates, significantly higher than traditional banks.

Direct Access to Nigerian Stock Market

The app enables users to directly buy stocks from over 140 companies listed on the Nigerian Stock Exchange, providing a powerful avenue for local equity investment.

Diversified Mutual Fund Investment Options

The app provides access to a wide array of mutual funds from leading Nigerian investment firms, allowing users to diversify their portfolios across low-risk assets like Treasury Bills, bonds, and stocks tailored to their financial goals and risk appetite.

Advanced Account Security Measures

This tool implements strong security infrastructure, including PIN, two-factor authentication, and security questions, to protect user accounts and personal data, ensuring compliance with NDPC regulations.

In-App Stock Market Insights & Education

It provides users with real-time data, business insights, interactive heatmaps for market performance, and in-app mini-courses to guide them in their Nigerian Stock Market investment journey.

Goal-Oriented Group & Emergency Savings

The app allows users to create personalized emergency funds and participate in 'Circles' for group savings, facilitating faster achievement of collective financial goals like rent or education.

Accessible Multi-Channel Customer Support

It offers comprehensive customer support through various channels, including in-app, phone, email, and social media platforms, ensuring users can get assistance whenever needed.

FAQ

Frequently Asked Questions

Everything you need to know about Cowrywise: Save & Invest Money

What is Cowrywise and what services does it offer?

Cowrywise is an SEC-licensed app for saving and investing money securely in Nigeria. It offers automated savings, mutual funds, and direct access to the Nigerian Stock Exchange.

Is Cowrywise a regulated and safe platform for saving and investing?

Yes, Cowrywise is SEC-licensed. Your savings are invested in low-risk instruments and held by Zenith Nominees, a Zenith Bank Plc subsidiary, ensuring professional management and security.

What is the minimum amount to start automated savings with Cowrywise?

Yes, you can start automated savings with as little as ₦1,000 on the Cowrywise app. This includes flexible daily, weekly, or monthly periodic plans to suit your needs.

Can I invest in Nigerian stocks using the Cowrywise app?

Yes, the Cowrywise app provides direct access to the Nigerian Stock Exchange. Users can buy stocks from over 140 listed companies, with real-time data and insights available.

What types of investments are available on the Cowrywise app?

Yes, you can invest in mutual funds matching your goals and risk appetite, including low-risk assets like Treasury Bills, bonds, and stocks. Direct access to Nigerian stocks is also available.

How does Cowrywise protect my personal data and account security?

Cowrywise implements PIN, two-factor authentication, and Security Questions for account protection. It also complies with NDPC regulations to safeguard user data, including BVN and bio-data.

Does Cowrywise offer automated savings and investment plans?

Yes, Cowrywise offers automated savings with flexible periodic plans. Users can set targets and periodic amounts, with automatic reinvestment features for their financial goals.

How can users fund their Cowrywise savings or investment plans?

Yes, users can fund their plans directly from their bank account without needing a card. The Cowrywise app supports linking bank accounts for both deposits and withdrawals.

Can I create and manage an emergency fund using the Cowrywise app?

Yes, Cowrywise allows users to create a personalized Emergency Fund to prepare for unforeseen events. The app provides features for automation, triggers, and customization of the fund.

What kind of interest rates can users earn on their savings with Cowrywise?

Yes, Cowrywise offers users the opportunity to earn double-digit interest rates on their savings. These rates are significantly better than those typically found at traditional banks.

The following screenshots and description are sourced directly from the app's official store listing and are the property of the app developer.

App Store

Screenshots

Description

We are licensed by the SEC, enabling you to grow and manage your money securely. With direct access to the largest pool of mutual funds in Nigeria, you can save and invest at competitive rates, and build wealth at your own pace, in ways that won’t take the “style” from your lifestyle. With the Cowrywise app, you can: SAVE FOR SHORT AND LONG-TERM GOALS - Start automated savings with as little as ₦1,000. Save every day, week, or month with our Flexible Periodic Savings Plan - Save for your periodic needs - rent, school fees, gadgets, dream car or apartment, etc - Earn double-digit interest - much better than you’ll find at your bank - Save as a group to reach your goals faster with Circles - Prepare for unforeseen emergencies by creating a personalized Emergency Fund 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 WEALTH AT YOUR PACE - Invest in any of our mutual funds matching your financial goals and risk appetite. Mutual funds contain low-risk assets like Treasury Bills, bonds, or stocks - Diversify your portfolio by investing in different mutual funds from top investment firms in Nigeria. YOUR MONEY IS IN SAFE HANDS - We are licensed by the Securities and Exchange Commission (SEC). - Your savings are invested in low-risk financial instruments and are held by a custodian, Zenith Nominees, a subsidiary of Zenith Bank Plc. This means your money is professionally managed and secured. To protect your account, we have implemented security infrastructure such as PIN, two-factor authentication, and Security Questions. We comply with the National Data Protection Commission (NDPC) regulations to safeguard your data. Your BVN and bio-data are safe with us. GET SUPPORT WHEN YOU NEED IT! - We offer support through the app, phone, email, Facebook, Instagram, and X (formerly Twitter). If you need assistance with your account, we’re always here to help! HOW IT WORKS IN 5 SIMPLE STEPS: - Download the app - Create your account - Tap “Save” or “Invest” - Follow the prompts to fund any of your plans - Congratulations! You are now one step closer to a wealthier version of yourself. Start planning for short-term goals, and long-term goals, and take control of your financial future.