Piggyvest, has announced the acquisition of Savi.ng, a wealth management app that allows users to save. This was disclosed in a Medium post.
Launched in 2018, Savi.ng allows users to save via various features like automated savings, fixed deposits, joint savings and PAYE.
All existing Savi.ng users will be automatically migrated to Piggyvest.
The startup revealed in the blog post that it started discussions to acquire a savings and investment company, Savi.ng and all its assets earlier this year adding that acquisition has now been completed.
On what the acquisition means for existing users, Piggyvest says “Nothing changes, everything continues to work as normal.
“We will continue to provide you with the best savings and investment options that we can; and you will continue to be part of a community of 3 million people (and counting!) in the Piggyvest family.”