# Cowrywise: Financial services, Lagos, Nigeria

> Cowrywise: Cowrywise is a prominent fintech company based in Ikeja, Lagos, Nigeria, founded in 2017. Based in Lagos, Nigeria. Founded 2017.

Source: https://millionrounds.com/startup/cowrywise (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Financial services startup](https://millionrounds.com/companies)

# Cowrywise

Cowrywise is a prominent fintech company based in Ikeja, Lagos, Nigeria, founded in 2017.

Email

Funding reported Last round: Seed

Financial services Lagos, Nigeria

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Company summary

- **Founded:** 2017 9 years old
- **Team:** 130 51 to 200 people
- **Funding reported:** 3.3M as listed, currency not stated
- **Last round:** Seed Jan 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Cowrywise has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Cowrywise

Cowrywise is a prominent fintech company based in Ikeja, Lagos, Nigeria, founded in 2017.

It operates as a digital-first wealth management platform aimed at making savings and investment products accessible to young Nigerians and Africans. The company is led by CEO Razaq Ahmed and CTO Edward Popoola and is licensed by Nigeria's Securities and Exchange Commission as a Fund/Portfolio Manager. Cowrywise offers a range of online financial services, including automated savings plans that generate daily interest, access to mutual funds for portfolio diversification, and goal-based savings programs for specific life objectives. The platform also provides tools for portfolio management, enabling users to track their savings and investments easily. Additionally, Cowrywise supports businesses with solutions to invest idle cash and offers a developer API for third-party applications to integrate investment services. With over 200,000 users, Cowrywise is dedicated to empowering individuals and businesses with effective wealth-building tools.

## What company datasets say Cowrywise raised

Funding, as reported

Reported in all **3.3M** in the source's currency

Rounds **6**

Last round **Seed**

Last round size **3M**

Last round date **Jan 2021**

Investors listed **7**

Y Combinator **S18**

## On 2 portfolio pages

Investors who name them

- [VentureSouq](https://millionrounds.com/fund/venturesouq)
- [Microtraction](https://millionrounds.com/fund/microtraction)

Each firm lists Cowrywise on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

micro-investing management consulting low minimum investment wealth building mutual funds mobile banking financial consulting information technology & services financial services mobile app finance investment management financial literacy api integration halal savings digital wealth management

Built with from their website

Amazon SES Google Sheets Redis Google Workspace IBM ILOG CPLEX Optimization Studio Amazon Simple Email Service PostgreSQL Amazon AWS AWS Analytics python celery

+8 more

X (Twitter) AI Google Meet Microsoft Excel Instagram AWS Cloud WhatsApp Mailgun

- **Sector:** Financial services
- **Industry code:** NAICS 5231, 523940, SIC 6732, 6722, 6282
- **Region:** Lagos
- **Revenue:** 201.9M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/cowrywise)

## Financial services in Nigeria

Startups like it

- [**PalmPay** Lagos · founded 2019 *Raised*](https://millionrounds.com/company/palmpay)
- [**Daya** Lagos · founded 2025 *Raised*](https://millionrounds.com/company/daya)
- [**Creditchek** Lagos · founded 2021 *Raised*](https://millionrounds.com/company/creditchek)
- [**OPay** Lagos · founded 2018](https://millionrounds.com/startup/opay-3)
- [**One Finance & Investment** Lagos · founded 2012](https://millionrounds.com/startup/one-finance-investment)
- [**Transsnet Financial** Lagos · founded 2018](https://millionrounds.com/startup/transsnet-financial)
- [**Ultimcred Limited** Lagos · founded 2019](https://millionrounds.com/startup/ultimcred-limited)
- [**Access ARM Pensions** Abuja · founded 2004](https://millionrounds.com/startup/access-arm-pensions)

## Is this your company?

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