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Quona’s Africa portfolio companies recorded $4.5 billion in payment transactions processed / transaction volume in 2022$278 million in loans financed...

Venture Capital need to balance when it comes to whether they are helping their portfolio companies or simply interfering once an investment has been made.

Investment into the African tech startup ecosystem almost trebled over the course of a record-breaking 2021 that saw total funding pass the US$2 billion mark for the first time. This is according to the seventh edition of the annual African Tech Startups Funding Report released by startup news and research portal Disrupt Africa, which is […]

Cowrywise, a Nigerian fintech startup that offers digital wealth management and financial planning solutions, has raised $3 million in pre-Series A funding. Quona Capital led the round as Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors locally and in the diaspora participated. The company previously raised more than $500,000 through a combination of equity financing and grants. The idea for Cowrywise came when CEO Razaq Ahmed was an investment analyst with Meristem covering equities and making recommendations to retail and wealth management clients. ...

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 pro...