When it comes to savings and investments in Nigeria, Cowrywise is currently a leading startup. Its primary goal is to raise individuals with an investment mentality. It was launched in 2016, and since then, the platform has racked up hundreds of thousands of users, including over 800,000 app downloads on the Google Play Store and iOS App Store.

The investment platform offers different features, such as automated savings and investments, which are made easy for customers to engage with. It operates only in Nigeria and is considering extending its reach to other African Nations. It offers packages like mutual funds, dollar investments, and automated savings.

I'll highlight everything we need to know about Cowrywise and how to get started with some of its unique features. I'll also address frequently asked questions that will help educate you more about relevant questions asked by many who choose to stake on the platform.

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What Is Cowrywise?

Cowrywise is an investment platform that provides individuals with tools to help them manage their finances and live stress-free. It has also made monitoring your savings easier. 

Building a reputable investment culture is difficult, but this app is more encouraging. The platform's goal is to groom investors in Nigeria who will see money as a tool for spending and as a key to building solid financial coverage.

Steps to Use Cowrywise for Savings and Investments

Using Cowrywise for savings and investments is quite easy with the following processes. To start a savings and investment platform, we have first to visit their website at www.cowrywise.com from our device. You will be asked to register and log in to use their futures there.

However, I suggest you download the Cowrywise mobile application for a far better experience. With the Cowrywise mobile application, you can access all futures and have a faster experience within your reach.

However, you can choose whether to access Cowrywise via the website or the mobile app.

Let's discuss how to access Cowrywise from the Google Play Store and the application on the iOS Play Store below.

How to Download the Cowrywise App From the Google Play Store

1. Click this link to download the Cowrywise app on the Google Play Store. 

2. It will redirect you to the Store, where you will see the logo below.

3. Hit install and make sure you have a proper internet connection.

4. When you have successfully installed it, open the app.

5. You'll be asked to log in or sign up. If you have not signed up, click the button to sign up. 

6. The link will redirect you to the signup page, where you will be asked to input your email address, and from there, you will be asked to input your number, password, and full name.

7. After a successful signup, you will see different investment features available for those eligible.

How to Download the Cowrywise App on iOS

1. To download the Cowrywise app on the iOS Store, click this link, which redirects you to the iOS Play Store, where you will see the logo below.

2. Press on install and make sure you have a proper internet connection.

3. When you have successfully installed it, open the app.

4. You'll be asked to log in or sign up. If you have not signed up, click the button to sign up. 

5. The link will redirect you to the signup page, where you will be asked to input your email address. Then, you will be asked to input your number, password, and full name.

6. After a successful signup, you will see different investment features available for those eligible.

Is Cowrywise Legit to Invest In?

Cowrywise is a legitimate investing platform. The firm has collaborated with Meristem Trustees, a capital market conglomerate whose partners are regulated by the SEC. The company is also a registered FinTech and legal entity in Nigeria. 

How Do I Invest in Cowrywise?

To invest in Cowrywise, you must create an account as a new user or log into your existing account. Once you have successfully opened the platform with your phone or app, you can review the investment options available, pick one, fund your account, and purchase units of the investment.

The platform provides several savings and investment packages, including Regular Savings, Life Goals, Circle Savings, Emergency Savings, Naira Mutual Funds, and Dollar Mutual Funds.

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What Are the Interest Rates of Cowrywise?

Cowrywise's interest rates can be as low as 5% per annum and as high as 12% per annum. However, it occasionally depends because the company invests in other securities and reflects what the market offers. 

Return rates for Naira and dollar mutual funds can range between 1% and 14%. This largely depends on the particular fund you're investing in.

How Can One Withdraw From Cowrywise?

Follow the steps below to withdraw from your Cowrywise account.

1. First, log in to the Cowrywise app.

2. Next is to locate the "Stash" and tap on it.

3. After this, you click on "Transfer Money."

4. The next option will show you four options, "investment plan," "savings plan," "bank account," and "cowry wise user." Click on Bank account.

5. Choose the bank account you transfer to (it has to be your account).

6. Enter the amount, add a note, and tap "Transfer."