Showing 4 results for:
cowrywise
Popular topics
All results
The rise of fintech is here, and Nigerian startup Cowrywise is proof of that. The digital wealth management and financial planning solutions platform just closed a $3 million pre-Series A funding round — led by Quona Capital — in addition to its previously raised $500,000 through equity financing and grants, to help expand its company growth, according to TechCrunch. Other participating companies and individuals in the funding round include the Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of local Nigerian angel investors in the diaspora. Cowrywise’s mission aligns with “digitizing investment management for Africans and enabling access to savings and investment products securely,” according to the company’s website. The fintech startup prides itself on helping the underserved such as Africa’s middle class individuals and millennials to better manage their wealth. CEO Razaq Ahmed came up with the idea to found Cowrywise after noticing that existing investment...
A 10-year-old Nigerian-American is now a United States National Chess Master. Nicholas Kristof, who has been covering Tanitoluwa Adewumi’s story for The New York Times for many years, broke the news on his Twitter page. “Remember Tani Adewumi, the Nigerian refugee kid I wrote about 2 years ago who won the NY State chess championship while in a homeless shelter? Now well housed (thanks to you readers!), he just won a championship and is officially a National Chess Master as a 10-yr-old 5th grader!” he wrote. Things could have gone many ways for the 10-year-old Nigerian-American. While his family was living and thriving in Nigeria, they were threatened with violence from the Boko Haram terrorists. The threat of violence forced the Adewumi family to flee from Nigeria in 2017, according to NPR. A kind pastor in Queens, NY, provided them temporary housing, but ultimately referred the family to the NY Department of Housing Services, where they were referred to a homeless shelter. To make...
Lanre Ajakaiye is a Rhode Island entrepreneur who is the son of Nigerian immigrants and is ready to create a cultural revolution in his home state. According to Black News, Ajakaiye has just bought a whole city block — totalling 15,000 square feet — to make his dream come true. Titled 25 Bough Street, this state-of-the-art facility is located in the heart of Providence and features 3-D Black history exhibits, a new-age financial literacy and career center, a world-class multi-purpose function hall, and innovative co-working entrepreneurial spaces. “The mission for the 25 Bough Street Initiative spans education, career awareness, health & wellness and financial empowerment for youth and the community at large,” reads the mission statement on the 25 Bough Street website. “The 25 Bough Street development will transform and re-develop a currently blighted property – in what was once a thriving jewelry manufacturing hub in the historic Olneyville section of Providence, Rhode Island -into...
This Nigerian student has made history. Ufot Ekong is an engineering student currently at Tokai University in Tokyo. He’s multi-lingual — fluent in English, Japanese, French, Yoruba, and Ibibio — and has scored the best grades in the school’s history. Ekong is also the recipient of the President’s Award, and he’s the first Nigerian recipient in the school’s history. During his tenure at the university, he also earned six awards for academic excellence, including the Overall Best graduating student award. The Nigerian student also has a master’s degree in Electrical and Electronics Engineering and a doctorate in Power Electronics and Motor drives. Both of these degrees are from Tokai University. But now, what about that 30-year-old math equation? “It is an electrical problem involving mathematics and my entire research team is not allowed to discuss details of academic research, patents, and trade secrets as it regards electric vehicles. We are constrained by a confidentiality...