Cowrywise, a Nigerian fintech startup which allows its users to save and invest through an automated process has been listed on Kairos’s 50 Global Emerging Startups for 2019.
A Nigerian fintech startup Cowrywise, which allows its users to save and invest through an automated process, has been recognised as one of the 50 Global Emerging Startups by Kairos, a New York-based early-stage investment fund.
Based in Lagos, Nigeria, CowryWise is an automated investing platform dedicated to making investing and saving available to everyone, no matter how much money they might have. At the one-year-old company, users can start a savings plan with as little as one hundred naira, which is equivalent to about 27 U.S. cents.
In its annual list of global emerging companies that are tackling the world’s most pressing problems, the fund listed 50 world changing startups to watch in 2019, out of 2,500 early-stage startups, which were referred from more than 65 countries around the world.
Apart from the global recognition, the startups attract a $50,000 investment and access to world-class advisors.
Launched a year ago by co-founders Razaq Ahmed and Edward Popoola (pictured above), the fintech startup, which was the only African startup that made it to the list, had earlier raised pre-seed investment from Microtraction and participated in the Y-Combinator 2018 Summer Program.