Monday
February 1
2021

Nigerian Fintech Startup, Cowrywise, Raises $3 Million Pre-Series a Funding Led by Quona Capital

By Emmanuel Paul

Nigerian wealth management startup, Cowrywise, has announced that it has raised $3 million pre-series A funding.

The round was led by Washington DC-based Quona Capital, with participation from Sahil Lavingia, Tsadik Foundation, and a syndicate of local and diaspora based Nigerian angels.

Cowrywise says it will use the funds to expand its product offerings to more asset classes, support the onboarding of more fund managers in Nigeria and across the globe, and deepen its investment management infrastructure.

“Our vision is to build a full-fledged wealth management solution, covering financial planning, savings and investments. This funding takes us a step closer to that,” says Razaq Ahmed, Cowrywise’s CEO.

Photo courtesy Erik (HASH) Hersman.

Source: Techpoint Africa (link opens in a new window)

Categories
Finance, Technology
Tags
business development, digital inclusion, emerging markets, financial inclusion, fintech, startups