December 1, 2021
4 Mins read
🎉 We are excited to announce we just closed a $3M pre-series A funding round, led by Quona Capital. This is Quona’s first investment in Nigeria and we feel humbled to be the vehicle they use in expressing their belief in the investment worthiness of the Nigerian startup ecosystem. Others participating in the round include Sahil Lavingia, Tsadik Foundation and a syndicate of Nigerian angels.
This funding round strengthens our vision of making wealth management accessible to everyday people in Nigeria and moves us a step closer to our medium-term pan-African ambition. It means a lot to have the support of great investors who share our vision of democratising access to savings and investment products.
Johan Bosini (partner at Quona Capital) shared his view on this investment and it demonstrates how our visions align: “Razaq, Edward and the Cowrywise team are providing everyday Nigerians with easy access to powerful and flexible wealth-generating tools that have typically been reserved for people who are already wealthy. In a market of 200 million people, we think this will be very impactful for individuals to have more control over their financial future. We like the wealthtech space and the impact it can have in Nigeria in particular”.
It feels good to be so in sync. The Cowrywise platform is designed to solve the problem of access by using a combination of free wealth advisory and consumer education paired with savings and investment offerings that can advance financial inclusion.
We are excited to announce we just closed a $3M pre-series A funding round, led by Quona Capital. This is Quona’s first investment in Nigeria and we feel humbled to be the vehicle they use in expressing their belief in the investment worthiness of the Nigerian startup ecosystem.
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