#Africa Nigerian fintech startup CowryWise selected for Y Combinator

//

Nigerian fintech startup CowryWise has been selected to take part in the Silicon Valley-based Y Combinator accelerator, gaining access to an intensive three-month programme and US$120,000 in funding.

CowryWise is a secure automated service that helps users save money and enjoy high returns from risk-free investments in Nigeria with zero fees. It has so far processed over US$1.5 million in savings for its customers.

The startup – which recently secured investment from Nigerian early-stage fund Microtraction – has been accepted into the Y Combinator Summer 2018 Batch. It will take part in a three-month programme to help scale the company and refine its pitch. It also receives US$120,000 in funding, and will take part in a demo day at the end of the programme.

Fellow Nigerian startup Kobo360 has also been participating in the programme, which ends next month.

Razaq Ahmed, chief executive officer (CEO) of CowryWise, said the acceptance into the programme was a validation of the startup’s commitment to its customers while it focuses on its goal of bringing wealth management services to young Africans, irrespective of their income level.

CowryWise recently launched its “Life Goal” feature, which allows users to commit to long-term saving goals. The service is available to everyone through the CowryWise website and an Android mobile app.

The post Nigerian fintech startup CowryWise selected for Y Combinator appeared first on Disrupt Africa.

from Disrupt Africa https://ift.tt/2mFHTRH

Ce contenu a été publié dans #Africa par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !