ADVERTISEMENT

Nigerian fintech startup, Cowrywise, has been accepted into YCombinator Summer 2018

Ycombinator, Based in California, USA, provides seed funding for startups from around the world with access to investors and business growth mentorship.

ADVERTISEMENT

Razaq Ahmed, CowryWise CEO, said, “this acceptance into YC is a validation of our commitment to our customers while we focus on our goal of bringing wealth management services to young Africans irrespective of their income level.”

The Nigerian fintech startup helps people save and invest easily irrespective of their income level. Since 2017, the company has processed over $1.5 million in savings for its customers.

Cowrywise will be joining the Nigerian-based logistics startup Kobo360, which was recently accepted into the Y Combinator class of 2018.

ADVERTISEMENT

Ycombinator, Based in California, USA, provides seed funding for startups from around the world, providing them with financing, access to investors and business growth mentorship.

Earlier in 2016, startups like Shypmate, Paystack, Tress, Kuhustle and Flutterwave were among the first to receive funding from the coveted seed accelerator in the world, Y Combinator.

Also from Business Insider Sub-Sahara Africa:

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

How SafeHamsters unlocks the potential of crypto betting| Insider Tips

A look into the diverse tax reforms being implemented across Africa

A look into the diverse tax reforms being implemented across Africa

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

China dethrones USA as the most influential global power in Africa: Report

China dethrones USA as the most influential global power in Africa: Report

Major African economies expecting inflation ease into next year, except Nigeria

Major African economies expecting inflation ease into next year, except Nigeria

10 African countries with the lowest price changes in household commodities

10 African countries with the lowest price changes in household commodities

Dangote refinery outranks Europe's 10 largest refining facilities

Dangote refinery outranks Europe's 10 largest refining facilities

Africa may just have the lowest level of cyber threats compared to other regions

Africa may just have the lowest level of cyber threats compared to other regions

A look into Kenya’s Shs1.1 billion climate funding from the UK

A look into Kenya’s Shs1.1 billion climate funding from the UK

ADVERTISEMENT