SDF Invests USD 750 K In Nigerian Fintech Company Cowrie

Cowrie, a Nigerian fintech company, has received USD 750 K investment from the Stellar Development Foundation (SDF) through the SDF’s Enterprise Fund. The investment made is to provide Cowrie with resources to expand its operations into emerging markets, and develop payment systems between Africa and the rest of the world.

Cowrie is a remittance platform that provides value added services over electronic payment networks. The platform enables the exchange of naira with other digital tokens in the global market.