In a duplex in Lagos, Cowrywise is trying to build a cathedral with 11 priests

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Cowrywise promoted 11 employees to associate vice president roles, turning a small team into a much more layered management structure. The move reflects a push toward formal governance, risk control, and decentralised decision-making as the company grows. Cowrywise already manages money for more than two million Nigerians and operates under SEC oversight, so the promotions also help clarify accountability across finance, risk, engineering, design, and investment management. The company’s leaders frame the change as an effort to build a durable digital wealth platform rather than a founder-dependent startup. The article argues that the real test will be whether this new structure improves execution, trust, and regulatory comfort.

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