Latest Version
8.10.2
January 26, 2025
CowryWise Inc
Finance
iOS
122.1 MB
0
Free
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More About Cowrywise: Save & Invest Money
The Cowrywise application is a licensed financial platform authorized by the Securities and Exchange Commission (SEC) that offers users a secure way to save and manage their money. With access to the largest pool of mutual funds in Nigeria, users have the opportunity to save and invest with competitive interest rates, enabling them to grow their wealth at their own convenience. The app aims to accommodate users' financial lifestyles without imposing restrictions that could affect their day-to-day living.
Cowrywise allows users to save for both short and long-term goals effortlessly. With options to start automated savings as low as ₦1,000, users can choose to save daily, weekly, or monthly using a Flexible Periodic Savings Plan. The platform facilitates savings for various personal needs such as rent, school fees, and other significant expenses while offering double-digit interest rates, far exceeding those typically found in banks. Additionally, users can collaborate through group savings, known as Circles, to achieve their financial goals more quickly and establish an Emergency Fund for unexpected expenses.
Investment opportunities through Cowrywise are designed to cater to individual financial aspirations and risk tolerance levels. Users can invest in mutual funds that encompass low-risk financial assets, including Treasury Bills, bonds, and stocks. The app promotes diversification by enabling investments across various mutual funds from leading investment firms within Nigeria, thus allowing users to tailor their investment strategies to meet personal financial objectives.
Security is a top priority for Cowrywise; the platform incorporates rigorous protection measures such as a PIN, two-factor authentication, and Security Questions to ensure data safety. Compliance with the guidelines of the National Data Protection Commission (NDPC) underscores their commitment to safeguarding user data, including sensitive information like BVN and bio-data. Furthermore, Cowrywise offers robust customer support through multiple channels, ensuring assistance is readily available whether via the app, phone, or social media. By following five simple steps—downloading the app, creating an account, selecting to save or invest, funding plans, and ultimately enhancing their financial health—users can confidently take charge of their economic future and work towards achieving their financial milestones.
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