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Questions about Cowrywise is growing daily. Folks want to know if Cowrywise is safe. Is cowrywise legit or scam actually? Well, we are here to learn the truth and answer every question that you may have concerning CowryWise.
Table of Content
Is Cowrywise Legit? Learn this truth
Cowrywise helps make saving and investing seamless. Cowrywise takes away the stress and planning required to save and invest on a regular basis through its automated and easy-to-use platform. Your savings also generate interests until a set maturity date. For Muslims who just want to save without earning interests, we have the automated halal savings option.
Cowrywise is Digitizing investment management for Africans and enabling access to savings and investment products securely. The company is building savings and investment culture among the growing population of underserved African middle class and millennials.
What does this mean? Is Cowrywise Legit or Scam?
Cowrywise was built with the security of your payment data in mind. Critical customer data is encrypted and securely stored. The company do not store your card information as they work with a PCIDSS-compliant payment processor to handle all their customers’ card details. The PCIDSS is a standard guide, globally, that all reputable payment processors must adhere to.
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How safe is my money?
In addition to investing your money in risk-free instruments, invested assets are held by Meristem Trustees, a company registered with the Securities and Exchange Commission (SEC), on behalf of savers. These assets are marked to market periodically to ensure customers are not exposed. Think of it as insurance and more.
What convinces me that Cowrywise is legit who is behind Cowrywise
Cowrywise is a registered Cooperative with its assets held and monitored by Meristem Trustees Limited, an SEC-registered company. Cowrywise is run by finance and technology professionals with over 20 years aggregate domain experience. On our team is a CFA charterholder and technology solution architects. You’re rest assured your savings are in safe hands.
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