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How secure is Cowrywise and my savings?
How secure is Cowrywise and my savings?

Savings on Cowrywise are invested in risk-free financial instruments and held securely by Meristem Trustees on behalf of savers

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Written by Ope
Updated over a week ago

How secure is my information?

Cowrywise was built with your security in mind. Critical customer data is encrypted, rendered unreadable and then securely stored. We do not store your card information as we work with a PCI-DSS-compliant payment processor to handle all our customers’ card details.

How safe is my money?

In addition to investing your savings in risk-free instruments, invested assets are held by Meristem Trustees, a company registered with the Security and Exchange Commission (SEC), on behalf of savers. These assets are marked to market periodically to ensure savers are not exposed.

What is the role of Meristem Trustees?

Meristem Trustees is a subsidiary of Meristem Securities Limited. The company was incorporated by the Corporate Affairs Commission as a Private Limited Liability Company in April 2012 and duly licensed by the Securities & Exchange Commission (SEC) to carry out the functions of Trustees in the Capital market in June 2012.

Meristem Trustees holds all invested assets on behalf of savers. This makes your money absolutely safe.

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