Cowrywise Partners Afrinvest to Deliver Affordable Investment Options to Nigerians
Cowrywise and Afrinvest Asset Management Limited have announced a partnership that will offer Nigerians investment opportunities with as low as N100. Customers on the Cowrywise platform will now be able to invest in mutual funds including the Afrinvest Plutus Fund, Afrinvest Equity Fund and the Nigeria International Debt Fund.
This partnership comes on the back of a joint commitment to deepen financial inclusion and demystify investments in Nigeria. With the introduction of Afrinvest’s products on the Cowrywise platform, users can make quick, easy and well-informed investment decisions. Furthermore, the platform now boasts a risk assessment process that guarantees that investors are matched with the most suitable product based on their risk tolerance and investment objectives.
In speaking to the primary objective of this collaboration, Ola Belgore Managing Director, Afrinvest Asset Management Ltd., said, “Over the years, we have worked tirelessly to deliver innovative investment products and services that cater to investors at various income levels. Our goal is to prove that no matter who you are, where you come from or what you do, we have the right product for you. We are, therefore, excited about this partnership with Cowrywise because it gives us a unique opportunity to reach the thousands who are taking bold steps in the right direction towards financial responsibility.”
Razaq Ahmed, CFA, Chief Executive Officer/Co-Founder, Cowrywise, had this to say of the value of this partnership, “Our partnership with Afrinvest is a significant stride in our efforts to boost active retail participation in the capital market to 10 million Nigerians by 2025. We are, therefore, proud to once again deliver affordable and profitable investment products that will deliver immense value to Nigerian investors. We are eliminating the barriers to entry by allowing every Nigerian to take advantage of profitable investment options with as little as N100; an opportunity that would have otherwise been unattainable. We are saying come one, come all.”
In keeping with the goal for financial inclusion, investors in any of the Afrinvest products on the Cowrywise platform will enjoy the same benefits as any other type of investor including capital preservation and income generation as applicable.
Cowrywise is a fintech company democratising access to wealth management services. In just under 2 years, the Y Combinator-backed startup has established itself as a strong player in the quest for financial inclusion in Nigeria. The journey started with automated savings and micro-investments in government bonds/treasury bills with as low as NGN100 and a trustee alliance with one of Nigeria’s top-tier trustees to operate with the same security structure as pension funds. For more information, please visit cowrywise.com
About Afrinvest Asset Management Limited
Afrinvest Asset Management Limited (AAML) is licensed by the Securities and Exchange Commission (SEC), Nigeria, as a portfolio manager. The wealth management firm has introduced more retail-focused products and services that have significantly increased access to investment products including the Afrinvest Gift Shop that allows clients to gift loved ones with investments; and the Afrinvest Plutus Fund that allows clients to invest with as little as N5,000. For more information, visit www.aaml.afrinvest.com.
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