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Piggyvest Pays Over ₦242 Billion Naira to 3.5m Customers

Piggyvest, the Nigerian savings and investment platform, has paid out over ₦242 billion naira to over 3.5 million customers.

This was disclosed in a newsletter by CEO, Piggyvest, Somto Ifezue.

Ifezue said: “For the past 5 and a half years, my amazing team and I have been committed to building a product that truly benefits you.

“It’s not been an easy task making sure everyone is happy, but we are grateful for the opportunity and we never take it for granted.

“With over 3.5 Million customers and over ₦242 billion naira successfully paid out in 2021 alone, we are once again saying thank you for trusting us.”

On what customers are to expect in 2022, Ifezue said that they will double down on the app to make it more secure and user friendly, offer more investment opportunities through Investify, better customer support and more features.

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Founded in 2016 by Ayo Akinola, Joshua Chibueze, Nonso Eagle, Odunayo Eweniyi, and Somto Ifezue, Piggyvest enables Nigerian debit card holders save little amounts of money frequently with minimal effort.

They automate the process of saving tiny amounts daily, weekly, or monthly; and then allowing you to withdraw for free on only set withdrawal dates thereby practically making saving more possible for you by eliminating the temptation to withdraw.

As Piggybank.ng, Piggyvest operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited.

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Piggyvest has grown over the years to become the leading online saving and investment platform

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