Do you want to learn what the Cowrywise investment platform is all about and whether you can make money from it? In this Cowrywise review, we will explain everything you need to know about Cowrywise. This includes.
- If Cowrywies is a legit investment platform
- Who owns Cowrywise and when it was founded
- The savings and investment packages that Cowrywise offers. This is where you can make money from.
- Cowrywise interest rate on their investments
- Cowrywise customer care in case you want to make more inquiries, etc.
What is Cowrywise all about?
It makes it easy to automate savings and invest with its digital savings and investment platform. Customers can choose from a variety of savings and investment options, including automated savings, and Naira mutual fund investments.
Is Cowrywise Legit? How safe is it?
Cowrywise is legit. It has its base in Lagos Nigeria and boasts of thousands of users every day in Nigeria. Through a trustee agreement, this platform protects the funds of its users with Meristem Trustees.
Meristem Trustee (SEC) is a company regulated by the Security and Exchange Commission. The SEC is Nigeria’s overall regulator for investment platforms.
Meristem Trustee’s role is to make sure your funds are 100% secure. They ensure that Cowrywise only invests in the things they promise to invest in, and that their customers get their true interests.
This SEC regulation can be viewed as insurance, as it ensures that customers are protected.
This platform also has bank-grade security. All users’ data is encrypted to protect sensitive information from unauthorized access. It also uses 2FA (Two-Factor Authentication), for all key transactions.
What was Cowrywise founded?
Cowrywise was founded in 2017 by Razaq Ahmad and Edward Popoola. It is a platform for wealth management for young Africans.
How do I sign up for Cowrywise?
You can sign up for cowrywise from their website or through their mobile app. Simply visit the Cowrywise website to sign up through an internet browser.
An alternative way would be to sign up through their mobile app. Cowrywise has mobile apps for both the iOS and Android devices. Once you register and log in to start investing and saving today.
Cowrywise Review: What Features Does It Have?
This platform not only allows you to save money and invest but also offers features such as:
1. Savings Circle
This plan will allow you to set goals and save together as a group. With the Savings Circle, you get to save together with friends and family towards common goals.
2. Save regularly
This plan allows you to choose to automate your savings. You can specify if you want daily, weekly or monthly savings. Or you can save whenever you like. This plan allows you to save for a minimum of 3 months.
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3. Your Life Goals
With a minimum of one year, this plan can be used to help you save for your long-term goals. This plan can be automated on a daily basis, weekly or monthly basis. You can also select the Life goal category that a plan falls under. You can choose to make it education, vacation, business, or retirement. This plan is not transferable or withdrawable after its completion date.
4. Halal Savings
This plan is for Muslims who don’t want to earn interest but want to save money. This plan is identical to the Regular Plan, except it does not accumulate interest. A Halal plan is one that is locked until it matures.
5. Cowrywise Mutual Funds
This platform also allows you to invest in Naira or Dollar mutual funds.
What is Cowrywise stash?
The stash acts as an in-app wallet and receives cash from mutual funds. You can transfer money into your stash using bank transfers, USSD, and out to other users.
How can you make money with Cowrywise?
This app offers a few ways to make some money. You can either save and earn interest on your savings or invest and earn dividends.
Cowrywise Interest Rates
The Cowrywise platform’s interest rates are dynamic. They can vary from 5% to 12% per year. The company’s interest rates reflect the current market rate.
How to withdraw from Cowrywise
To withdraw funds from your account. These steps will help you withdraw from your account.
- Log in to Cowrywise’s app or web app (website).
- Tap on the “Stash” option to reveal more.
- Click on “Transfer money”.
- Click on “Bank account”.
- Click on “Transfer”, enter the amount that you wish to withdraw, and click on “Transfer”.
- To confirm the transaction, enter your pin.
How can I invest in Cowrywise
You can invest in mutual funds with Naira and Dollar currency.
How can I delete my Cowrywise Account?
You can contact Cowrywise to delete or deactivate your Cowrywise account. Below are their contact details.
Cowrywise Customer and Contact Care
You can contact this company’s customer care by mail: [email protected] or by Whatsapp: +234 903 0000 857 or calling +234 802 2212 229.