Cowrywise is a registered Cooperative with its assets held and monitored by Meristem Trustees Limited, an SEC-registered company. It is run by finance and technology professionals with over 20 years of aggregate domain experience.



Cowrywise is one of the fast-rising financial apps in Nigeria. It is a wealth management app, licensed by the SEC, that allows one to plan, save and invest money easily.

What is Cowrywise?

It makes saving and investing seamless. This platform takes away the stress and planning required to save and invest on a regular basis through its automated and easy-to-use platform. All your savings also generate interest until the set maturity date. But for Muslims who just want to save without earning interests, Cowrywise has the automated halal savings option.

Types of Saving Plans on the Cowrywise platform

With Cowrywise, you can create multiple savings plans and earn better interest rates. You can save your money on your own term with one.

Regular Savings

Save money on your terms for a minimum of 3 months. This is a short-term saving plan where you can save your money. One cannot save below 90 days. This saving plan also comes with an interest rate.

Life Goals

Long-term savings for life’s important goals. A minimum period of 1 year, with amazing returns. With this saving plan, one can only save from 1 year and above. If you don’t intend to save for that long duration, you can easily use the Regular saving plan.

This plan allows anyone to save for their long-term goals with a minimum period of 1 year. You can choose to save on a daily, weekly and monthly basis. You can choose the category a Life goal plan falls into like Education, Home Renovation, Vacation, Home Decor, Business, and even retirement. You can only withdraw or roll over the plan after the maturity date.

Halal Savings

With the Halal Savings (Halal is an Arabic word meaning lawful or permitted), one can save money with or without automation, free of riba, absolutely interest-free. This savings plan is suitable for Muslims who do not want interests.

Halal savings allows one to save according to their values. The Halal savings plan is a purposeful plan built to comply with Islamic law, absolutely interest-free.

Saving Circles

This savings plan allows one to set targets and save together with others to meet them. It can accommodate as low as 2 persons and as many as 1,000,000 people. In this plan, every individual must have the same interest and agree on the purpose of the plan.

Can I pause my plan? – How can I pause my Plan?

Yes, you can. With the Cowrywise platform, as easy it was when creating a plan so it is to pause your plan. Follow these steps to pause your saving plans.

  • Simply select the plan you wish to pause.
  • Tap “Edit”.
  • Click “Plan Status” to toggle between “Active” and “Pause”
  • Select “Pause”
  • Finally, tap “Save” to save the changes you’ve made.

When can I withdraw my money?

Money withdrawal is one of the anticipated moments for most people on this platform. One can only withdraw at the set maturity date. You can choose to withdraw some or all of your savings together with your interests.

You can decide to roll over the plan for another period or withdraw part or whole. Also, Rolling over matured plans for another period makes it possible to enjoy compound returns.

How do I withdraw my money? | How to withdraw from Cowrywise

Don’t be scared about withdrawing money on the Cowrywise platform. Withdrawing your money is quite simple and withdrawals are settled almost instantly.

To start a withdrawal, please do follow these steps:

  • Login to the Cowrywise app or web app (website).
  • Select your matured plan
  • Tap “withdraw”.
  • Enter the amount you want to withdraw
  • Select the withdrawal destination. You can withdraw into your bank or stash.
  • Set a new maturity date.
  • Make your withdrawal. Viola!

*Please note that any funds left will be kept in the plan till the new maturity date you set.

How to Create a Cowrywise Account | Cowrywise Login

Creating a Cowrywise account is as simple as eating ice cream! All you will need is an active Gmail and your internet-connected device. With these steps, you can start building wealth in 5 minutes.

Create an account

  • Sign up for an account with your name, email and phone number.
  • Add a payment method
  • Using your debit card, bank account, USSD, QR Code, set up your first plan.

Sit back, relax & let your money work for you all day, every day.

Cowrywise App

This is the mobile version of the Cowrywise platform. It was launched to make internet savings easier and also available to everyone. All Android and IOS users can use the Cowrywise app. You can download the app on Google Play Store for Android users and App Store for IOS users.


Please enter your comment!
Please enter your name here