About CowryWise
CowryWise is a Technology company based in Lagos (Nigeria) founded in 2017 by Razaq Ahmed and Edward Popoola. Online app-based savings platform for individuals. CowryWise has raised $3.69 million across 5 funding rounds from investors including Microtraction, Quona and Tsadik Foundation. Its chief executive, as recorded, is Razaq Ahmed. Its website cowrywise.com draws about 290 thousand monthly visits. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Savings Platforms. Its competitors include PiggyVest, HerVest and Crowdyvest; 2 of its 3 listed competitors have raised funding.
Company details
CowryWise was established in 2017 in Lagos, Nigeria, as a fintech entity focused on personal finance. An online and mobile app platform is maintained for individuals, with services encompassing savings plans, mutual funds, goal-oriented saving options, and portfolio oversight. Long-term objectives such as education, housing, retirement, and weddings are facilitated. The application is accessible on iOS and Android devices, supporting users in the region.
- Headquarters Lagos, Nigeria
- Founders Razaq Ahmed, Edward Popoola
- SectorsTechnology
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website cowrywise.com
- Social LinkedIn X Facebook
- Total Equity Funding$3.69M (USD)
in 5 rounds
- Latest Funding Round$3.46M (USD), Seed
Jan 2021
- InvestorsMicrotraction
& 5 more
Apps and channels of CowryWise
CowryWise publishes 1 mobile app with over 1M+ downloads.
Funding Insights of CowryWise
CowryWise has successfully raised a total of $3.69M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $3.46 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.69M
- Total Rounds 5
- Last Round Seed β $3.46M
- First Round $65,000
(Dec 2017)
- Investors Count 6
All 5 funding rounds of CowryWise with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | $3.46M | Seed | β | Quona | |
| Apr 2019 | Seed | β | K50 Ventures | β | |
| Jul 2018 | $120,000 | Seed | β | β | |
| Jun 2018 | $50,000 | Seed | β | Microtraction | β |
| Dec 2017 | $65,000 | Seed | β | Microtraction | β |
6 investors in total: 5 institutional and 1 angel.
Investors in CowryWise
CowryWise has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Microtraction, Quona and Tsadik Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | ||
Pre-seed and seed-stage investments are targeted by K50 Ventures. | k50ventures.com | New York, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Early-stage investments in African tech startups are provided by Microtraction. | 2017 | microtraction.com | Lagos, Nigeria | |
Limited information is provided about Tsadik Foundation's activities. | tsadik.org | |||
SL Sahil Lavingia | Founder of Gumroad, angel investor, focused on tech and creator economy. | unknown_b48625d18b0742039 |
Investor details for CowryWise
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of CowryWise
10 people are tracked at CowryWise (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Razaq Ahmed | Co-Founder & CEO | Leadership |
Edward Popoola | Co-Founder & CTO | Leadership |
Razaq Ahmed, CFA | CEO/Co-founder | Leadership |
Tolulope Alade | Head, Legal & Compliance | Leadership |
Abdulrahman Solanke | Engineering Lead (Infrastructure) | Team |
Esther Sanda Dcp | Snr Legal And Compliance Associate | Team |
Liz Adesigbin | People Operations And Admin Lead | Team |
Adegunle A. Babatunde | Senior Data Scientist | Team |
Einstein Yunusa | Finance Manager | Team |
Ebenezer Akintomide | HR Manager | Team |
Complete people profiles for CowryWise
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Timeline of CowryWise
3 dated milestones of CowryWise across 4 years, from founding to its latest funding, stage changes and deals.
- Founded CowryWise is founded.
- Funding First funding round of $65K.
- Funding Latest funding round, Seed, of $3.5M.
Competitors of CowryWise
CowryWise has 3 listed competitors in our database, 2 of them funded. They include PiggyVest, HerVest and Crowdyvest.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| piggyvest.com | 2016 | Lagos, Nigeria | $1.15M | Savings and investment goals are managed via an online platform. | ||
| hervest.ng | 2019 | Lagos, Nigeria | $100,000 | A savings and investment management platform for women is provided. | ||
| crowdyvest.com | 2019 | Lekki, Nigeria | Individuals are enabled to save via an app-based platform. |
Detailed competitors of CowryWise
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Web traffic of CowryWise
The website of CowryWise (cowrywise.com) receives about 290.2K visits a month.
- Monthly visits290.2K
▼ 15.7% vs previous month
Websites whose visitors overlap most with CowryWise. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| youverify.co | 100% | 37.6K | #777,237 | View details | |
| figma.com | 77% | 84.7M | #221 | View details | |
| anscommerce.com | 74% | 1.7K | #8,923,370 | View details | |
| instagram.com | 60% | 7.1B | #4 | View details | |
| linkedin.com | 60% | 1.9B | #18 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 15 similar websites and full traffic analytics for CowryWise
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Related news about Cowrywise
Complete news archive for CowryWise
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Frequently Asked Questions about CowryWise
CowryWise was founded in 2017.
CowryWise is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Razaq Ahmed is the CEO of CowryWise, as recorded in our data. They have also founded this company.
CowryWise is a funded company, having raised a total of $3.69M across 5 funding rounds to date. The company's 1st funding round was a Seed of $65K, raised on Dec 2017.
CowryWise was established in 2017 in Lagos, Nigeria, as a fintech entity focused on personal finance. An online and mobile app platform is maintained for individuals, with services encompassing savings plans, mutual funds, goal-oriented saving options, and portfolio oversight. Long-term objectives such as education, housing, retirement, and weddings are facilitated. The application is accessible on iOS and Android devices, supporting users in the region.
CowryWise's top competitors include PiggyVest, HerVest and Crowdyvest.
CowryWise has 6 investors. Key investors include Microtraction, Quona, Tsadik Foundation, Sahil Lavingia, and K50 Ventures.
Yes. CowryWise publishes Cowrywise: Save, Invest safely, with over 1 million downloads.
The website of CowryWise receives about 290 thousand visits a month.