CowryWise joins the ranks of Nigerian startups accepted into Y Combinator

by | Jul 23, 2018

CowryWise last week announced acceptance into the Y Combinator Summer 2018 Batch, where its founders hope to get their company into the best possible shape.

The announcement is coming barely weeks after CowryWise secured a $15,000 seed investment from Microtraction.

The startup will be moving to Silicon Valley, California, for an intensive three-month acceleration and mentorship under Y Combinator.

Y Combinator(YC) usually invests $120,000 in startups around the world that make it into its flagship programme. But through the Demo Day, which signifies the end of YC’s programme,  CowryWise might just be able to get further investment.

Razaq Ahmed, CowryWise CEO, believes the acceptance into YC is a validation of commitment to customers while focusing on the goal of bringing wealth management services to young Africans irrespective of their income level.

The FinTech startup officially launched in June last year. Ever since, it’s been helping Nigerians save and invest irrespective of their income level. A recent feature that it has added allows users to commit to long-term saving goals ranging from vacation, education, home, family to retirement.

There is an increasing list of Nigerian startup participation under Y Combinator’s flagship programme. CowryWise being the latest addition sees that rank grow further.

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

$2 million to drive learning via WhatsApp 

$2 million to drive learning via WhatsApp 

On #TechpointDigest, we discuss how major players in the African mobility space can change the mobility narrative, FoondaMate’s $2 million funding, Twitter Create, and AMP’s $5.6 million seed round.

[PODCAST] Taxing calls to give you healthcare

[PODCAST] Taxing calls to give you healthcare

The Nigerian government wants to tax phone calls to provide better healthcare. In today’s edition of the #TechpointAfricaPodcast, we discuss possible implications and upsides to this.

TABS is tomorrow! 💃 💃

TABS is tomorrow! 💃 💃

On #TechpointDigest, we discuss Victory Farms’ $5m investment, Netflix for kids and people with disabilities, and TikTok’s plan to credit creators.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap