Cowrywise, a fintech company that specializes in helping Nigerians build wealth by making savings and investment options accessible, has launched a new product that aims to serve businesses. The company made this announcement on social media on the 2nd of June, 2022.
Sprout is a corporate treasury management tool for businesses, leveraging technology and asset management solutions. The goal Cowrywise is trying to achieve with Sprout is comparable to their accomplishments with retail investors since the company launched in 2018, which is to help tech companies and other businesses build wealth by generating new income streams through investment.
A major challenge many businesses face is where and how to maximize their idle business cash, seed funding & capital, with major considerations being security of funds and ease of liquidity. In Nigeria, businesses typically choose to hold cash for easy access or invest directly with fund managers at the expense of autonomy or save with traditional banks who offer meager returns fixed by the institution.
However, with Sprout by Cowrywise, businesses can leverage the power of technology to identify, make and manage investments in secure, low-risk, easy-to-liquidate assets and unlock an additional revenue stream through various investment options.
Before Sprout by Cowrywise:
Investing for businesses has not always been seamless. The traditional processes available in the market today are manual, bureaucratic and unnecessarily rigid, and for businesses that thrive on seamless cash flow, and ease of access, such options are not only unsuitable; they can be restrictive to business growth and optimal revenue generation.
Sprout’s technology-driven approach makes it a better alternative to the antiquated, traditional treasury management process available today.
With Sprout by Cowrywise:
Challenges that come with access to diverse investment options, transparency, quick liquidation, and security have been resolved. Businesses can now invest their idle business cash on their own terms and choose rates that match their investment goals from one easy-to-use platform.
Features
One central dashboard
Sprout allows businesses to invest and monitor their investments on one dashboard. It’s very easy to navigate and even easier to set up an account. No queues. No long forms. Get started in five minutes or less.
Access to diverse investment
With a key focus on security, liquidity and yield (SLY), Sprout by Cowrywise gives businesses access to invest in safe, liquid, better-yielding investment products (money market funds and indexes), purposely and carefully-curated by top fund managers in the country to avoid putting your business cash at risk.
Transparency
Business owners want to have a say in where their money is invested. With other traditional means of investments, this may be hard to dictate. You will most likely need a finance expert and investment manager to understand your transactions. Sprout has bridged this gap for business owners, finance managers and decision makers. When you invest on Sprout, you can keep track of your investments on the dashboard and see how your money is working for you. You have a view of your investment balance, percentage of returns and access to real-time reports.
Easy liquidation
Businesses sometimes need cash quickly to fulfill financial commitments. Rather than businesses having to go through slow and rigorous processes to liquidate their investments, Sprout by Cowrywise enables business owners to encash their investments within two working days. The process is seamless and 100% digital.
Security
For business owners and decision makers, security and access to low-risk investments is very important. Cowrywise is committed to securing investor funds and other private details. Having been licensed by the SEC in Nigeria as a fund/portfolio manager, your investments are secured with the highest security standards possible. Cowrywise is also PCI DSS compliant so your bank details are secured by a bank-grade security infrastructure.
Start investing your idle cash with Sprout now.
Since Sprout launched, several businesses have joined the platform to make the best use of their idle cash. Your business can also start today. No need for long queues and endless forms. Simply create your account here, upload the required corporate documents while Cowrywise verifies your documents. Once your business is verified, you can start investing in multiple investment options.
Visit https://cowrywise.com/sprout to get started on Sprout by Cowrywise.
