Question 1

What is Cowrywise and how does it work?

Accepted Answer

Cowrywise is a Nigerian fintech app that helps users save and invest money. It offers multiple savings plans with varying lock periods and interest rates, mutual fund investments, a digital wallet called Stash for peer-to-peer transfers, and group savings circles with friends and family.

Question 2

How much does Cowrywise cost?

Accepted Answer

Cowrywise is free for locked savings plans. For Emergency plans and Naira mutual fund investments, there is a 1.5% processing fee capped at N2000 for debit card payments or N250 for bank transfers and Stash transfers.

Question 3

What countries does Cowrywise operate in?

Accepted Answer

Cowrywise operates in Nigeria.

Question 4

How do I sign up for Cowrywise?

Accepted Answer

You can sign up for Cowrywise by downloading the app or visiting their website, then registering with your name, email, phone number, and setting up a savings or investment plan in minutes

Question 5

Does Cowrywise have a mobile app?

Accepted Answer

Yes, Cowrywise has a mobile app available on App Store and Google Play.

Question 6

Who is Cowrywise best suited for?

Accepted Answer

Cowrywise is suited for Nigerians who want to save with better interest rates than traditional banks, invest in mutual funds, build emergency funds, or coordinate savings with others through group savings circles.

Question 7

How do I contact Cowrywise support?

Accepted Answer

You can contact Cowrywise support via in-app chat, email at support@cowrywise.com, WhatsApp (09030000857), phone (07000 269 799 473), or social media channels.

Question 8

Does Cowrywise have a plan for teams or businesses?

Accepted Answer

Cowrywise does offer a plan for teams or groups through “Circles,” which allows multiple users to save together toward shared financial goals (a group savings feature rather than a formal business enterprise plan).

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