₦airaland Forum

Tlovelane:
Kolobox actually offers 12% returns and the interest reflects daily during your plan so it’s transparent and you can see the growth on your money. Withdrawals and cancellation of plans are free.

Your funds are safe and insured with Kolobox because of all the platforms, they’re the only ones that are SEC (Securities and Exchange Commission) regulated. So it’s guaranteed that no one is running away with your money.

I guess they know that Nigerians are skeptics when it comes to money so it’s a good way of assurance. Just visit www.kolobox.ng

Shey these ones still dey exist so? This one wey dem no even dey google play store.

Na evidence be that say all these fintechs na just pure nonsense jarey.

san4real:
I make use of both, but cowrywise is better for me, as for piggybank, you might have temptations to withdrwaw from your savings anytime, from my experience so far on both platforms. cowrywise is better...

What's up bro.

Are you still with Cowrywise? How's your experience with them so far?

Do you still think they're trust worthy, considering the current state of crash with all these fintech companies?

Advice me bro, cos I got some huge money in my dollar mutual fund account with them.

Thank you.

mummyz:
Hi, i just saw this article today and decided to share my view tho before i started saving i went trough lot of research and write up but this was the write that confuse me, read below.....

WHY I MOVED MY MONEY FROM PIGGYBANK TO COWRYWISE
Please note that both Cowrywise and Piggybank have made changes to their platforms since I wrote this blog post.

You might remember my blog post where I spoke about saving with Piggybank. Well, I have moved the money I saved there to Cowrywise and I want to explain the reasons why; I cannot recommend something, stop using it and then not inform my blog readers. So here are the reasons I moved my money from Piggybank to Cowrywise:

Higher Interest Rate: I am all about making my money work hard for me so this is of course the number 1 reason why I moved my money to Cowrywise. While Piggybank offers an interest of 6% p.a. when using the Autosave option, Cowrywise offers an interest rate of 10% p.a. Cowrywise also pays interest daily which means the effective annual rate of return is actually higher than 10% while Piggybank pays interest every 3 months. And while Piggybank offers an interest rate of up to 10.95% (when you lock the money away for a year) when you using the SafeLock option, Cowrywise offers an interest rate of up to 15% when you lock away your money with them for a year. I could really end here and this would justify why I moved my money.


No penalty on withdrawals: If you read this post I wrote for DailyKobo, you will see that one of my financial goals this year is to increase my emergency fund. It was not something I focused on as much last year because I was paying for ICSAN classes and exams but I have no excuse this year. Therefore, the fact that Cowrywise has no penalty for withdrawing at any time is great because it means I can use the platform to build my emergency fund and know I can have access to it without being penalised if I have to withdraw money because an emergency comes up. While I was using PiggyBank I had to keep my emergency fund in a regular savings account because Piggybank penalises your interest if you withdraw on any day other than 4 set days in each year. An emergency fund has to be extremely liquid and Cowrywise gives me that. I am very disciplined about my savings and investment goals so I am not worried that having no penalty on withdrawals will cause me to withdraw my money arbitrarily.
So I get to grow my emergency fund at a faster rate because I am using Cowrywise. P.S. I also prefer the layout of the Cowrywise website over that of Piggybank. Do you use Cowrywise or Piggybank to save? If you do, why did you pick one over the other? I know some people do not like the fact that Cowrywise does not have an app but I do not mind.

Long time mummyz.

Should be almost 5years now since this post.

How is Cowrywise treating you now? Are you still on the platform or you don japa for fear of the unknown, with the ongoing crash of all these fintech platforms?

Fear dey catch me as my money dey inside their dollar mutual funds, to prevent it from depreciation.

I hope it won't crash like this Patricia brouhaha and bulaba.

I don't want no balablu

yahoodetector:
Ticking time bomb! Nigeria has no strong legal jurisprudence or laws that helps the masses to get back what is lost from these financial agencies in the case of a close down.

Hmmm!!!

But they've been in operation since 2017 oh!

troubleshooter:
All these are good until they become top-heavy, then they crash. Sadly u won't know when that time is. Careful o. Take your money out as soon as u can. My 2kobo.

So you mean even piggyvest and Cowrywise can crash?

And what do you mean by top-heavy please?

SaLongs1:
I just don't get this bitcoin stuff, from Sam Bankman Fry now this. They all seem like pyramid schemes to me cause they only head in one direction and that direction is down and out

Na Cowrywise just dey fear me now meen...

Babinski:
There is no one as difficult to wake up as someone pretending to be asleep.

Who loses when you claim your crypto platform has been hacked? You or the general public that make up your membership or customers? Which third party verified that your platform was hacked and what penalty are you suffering for having weak security? If you are sharing the meat with your mouth and you said the smaller piece is the one you swallowed, who doesn't understand that kind of street wisdom?

Claiming that your platform has been hacked is an easy and sure way to make away with your customer funds while blaming imaginary hackers!

Na Cowrywise just dey fear me now meen...

ppogba:
Unfortunately and surprisingly, quadruple the amount of scammers are gullible Mucus and magas.

Funny enough, Nigerian youths always claim to be wise but fall yakata for elementary scams.

Na Cowrywise just dey fear me now meen...

ppogba:
Wants to do abi he has done?

Na Mumu dey dey inside masquerade cloth. Na guyman dey follow masquerade collect money.

Na Cowrywise just dey fear me now meen...

TheBillyonaire:
Forex and Cryptos are just another yahoo, but this is conning the locals and going scotfree. This is as clever as Religions strategic framework.

Na Cowrywise just dey fear me now meen...

skj1377:
My wife wanted to invest because she watched BBN and saw their advert . I educated her on the reason not to invest and today she is happier for it. The owners look irresponsible was one of the reasons I gave her. I told he if she went to GTbank and the manager looked like them will she save money with the branch? Anyways she listened.

Na Cowrywise just dey fear me now meen...

TheFacelessMan:
You have to be really stupid to invest in cryptocurrency.

You have to be extra gullible and super daft to invest in Nigerian cryptocurrency.

I warned some guys who refused to listen then. Their money is up in smoke now.

Na Cowrywise just dey fear me now meen...

yahoodetector:
At least you people are better han MallForAfrica that stole my $25 and folded up

Nawa oh, even MallForAfrica?

And I almost did business with them oh!!!

Na Cowrywise just dey fear me now meen...

blaise26abj:
Avoid anything crypto! A currency that is no grounded in anything but virtual whims is destined to fail . To me , it is just advanced ponzi .

Na Cowrywise just dey fear me now meen...

ecolime:
No be dem sponsor BBNaija 2 years ago?

All these Fintechs are big scams. One small boy with Dada will develop an APP. Next thing you know dem go say dem wan scale, dem go scam investors in the name of raising seeds.

After that, next thing na to lie say dem hack their system. After that, dem go scam their customers, cash out and clean out.

Their lifespan no dey pass 5 years

Na Cowrywise just dey fear me now meen...

sofeo:
Anything Nigeria.
Just avoid it.
Not to even talk of those Patricia guys too young and immature to handle such professionally

Na Cowrywise just dey fear me now meen...

SmartPolician:
Honestly, you have a point. People who invest a lot of money in cryptocurrency are some of the bravest (or most stupid 😁) people I know.

How can someone be investing in an unregulated industry? I learnt the hard way.

Besides several shady deals happening behind closed doors, cryptos are very volatile. You can invest N5 million today. When you wake up the next day, it has tanked to N2 million.

@the emboldened, they should. Unfortunately, nothing will come out of it. I lost some money to MBA Forex. At the end of the day, nothing happened. Mr. Maxwell is enjoying himself while we investors are licking our wounds.

BTW, I thought Patricia announced in 2021 that they were leaving Nigeria though.

Na Cowrywise just dey fear me now meen...

Brendaniel:
This thing looks like scam, the story is so similar with others at the same time it might not be scam..

Na Cowrywise just dey fear me now meen...

FreeStuffsNG:
Patricia’s ambitious plan to repay customers has one important caveat





https://techcabal.com/2023/08/28/patricias-ambitious-plan-to-repay-customers-has-one-important-caveat/

I just hope Cowrywise too won't become like this oh.

Make dem hold my money for me till year end abeg, before I use am open beer parlor.

HonNL:
SOURCE

Enough money for them to destroy themselves

USA be weyrey I swear

Kobicove:
I noticed ladies also like criticising food served at a wedding ceremony...very petty complaints.

Either the food is too salty or too peppery or one mundane thing

Women don't really know more than food actually.

chigoziri2403:
Peter obi has the energy of a toddler
How he meets his engagement baffles me

He's just a bored political retiree enjoying his pension gallivanting around the southern states in Nigeria.

7lives:
Make SERAP go court, which one be 48 hours ultimatum, as if they can force the president hand.
Awon werey.

Weyrey dey give President ultimatum...

jaymichael:
Ota si opolo Iwo, baba ati iya to bi e lomo. You this eni ofo, eni adanu. Akuse afofun.

End off like my cum.

Scumbag.

jaymichael:
Iwo ati awon to ni e ni were. Ayela lo ma pa e. The retards that birth you did nit train you up well.

Kin sejo eh,

Chemical inu eja ti ta sopolo eh.

Asinwin, Iran asin.

BigDawsNet:
Christians worshiping in Pakistan are very funny set of human....

How can you be playing table tennis with an unhooked grenade

You dey really craze bro.

Wetin you mean!!!

jaymichael:
If the "chemical" no kill the fish, na you e wan kill?

Shen gbo weyrey?

Continue dey ingest poison dey go you hear?

plenitude:
Crystal meth is deadly. After seeing what it did to my cousin’s bro heart after undergoing scan😢 it makes me wonder why it was created in the first place. I am a bit curious here, what’s crystal meth used for other than smoking??

For the treatment of patients with ADHD.

aieromon:
Up your budget to a 2.5KvA generator. This engine will suffer under microwave and iron loads.

Abeg wetin be the actual fuel consumption of this 2.5kva generator?

I power 2sets of 125L medium sized fridge, 1Laptop, and 1phone, and about 3L of fuel no even last me for 2hrs sef, just about 1hr 45mins?!

Walahi me I no understand again oh!

Same way I buy 1kg gas yesterday, and as people dey talk sey 1kg go last 2.6hrs, my generator off at exactly 1hr after!

Abi shey na because I tell the generator guy to increase the generator voltage so e go fit carry my fridge?

Abeg make una help me solve this gbege oh!

patrislayqueen:
Sorry typo error... leakage***

Yes please do...

Okay

patrislayqueen:
Check for linkage, also don't open the gas regulator control fully,

Linkage or leakage?

Would adjust the regulator next time then.