Share this article Nigerian wealth management startup, Cowrywise, has raised $3 million in a funding round led by Quona capital. Cowrywise co-founders, Edward Popoola and Razaq Ahmed. Cowrywise, a Nigerian wealth management app that helps users get better at saving and investing their money, has raised $3 million. The pre-Series A funding round was led by Quona capital. Other participants in the round are Sahil Lavingia, Tsadik Foundation, and a syndicate of Nigerian angels. Founded in 2017 by Edward Popoola and Razaq Ahmed, Cowrywise has grown from launching with a savings feature to providing several investment opportunities to users in Nigeria. The company aims to meet a demand for capital preservation and wealth building as the Nigerian economy contracts. Traditional wealth management firms want big tickets only, leaving a market of tens of millions of small and medium earners hanging. This divide has allowed digital players, who understand how small sums can compound, to get into wealth management.