PiggyVest says it has crossed ₦2 trillion in payouts since its inception in 2016, in a major milestone for the Nigerian FinTech company which expects to drive growth in 2025.
In 2024 alone, the PiggyVest platform disbursed ₦835 billion to users, up from ₦545 billion in 2023, the FinTech company says.
Somto Ifezue, PiggyVest CEO and co-founder, celebrated the milestone in an email seen by Technology Times where he states that, “in 2024, we made significant strides and achieved remarkable growth in the direction of our mission to provide you with the power to manage and grow your personal and business finances.”
PiggyVest, which started as a savings-focused app, has expanded its offerings to include investment products, budgeting tools, and solutions for businesses under its PiggyVest Business and PocketApp brands. By the end of 2024, the platform had more than 5.5 million users, with a 76% growth in Assets Under Management (AUM).
CEO: Piggyvest to launch budgeting feature in 2025
PiggyVest, which started as a savings-focused app, has expanded its offerings to include investment products, budgeting tools, and solutions for businesses under its PiggyVest Business and PocketApp brands. By the end of 2024, the platform had more than 5.5 million users, with a 76% growth in Assets Under Management (AUM).
Despite Nigeria’s challenging economic environment—including high inflation, currency devaluation, and a rising cost of living—PiggyVest users saved at an average rate of ₦44,000 per second in 2024. “Every year, you continue to use Piggyvest to save and invest towards your most important financial goals—building emergency funds, paying your rent, and paying your school fees—even in the middle of a year with so many financial hurdles,” Ifezue says.
The FinTech firm plans to launch a new budgeting feature in 2025, aimed at addressing users’ concerns about managing day-to-day expenses. “This year, we plan to roll out an additional budgeting feature on PiggyVest to help you manage your day-to-day expenses and ensure your salary lasts until the next payday,” Ifezue adds.
In 2024, PiggyVest earned a spot on CNBC’s list of the Top 250 Global FinTechs, cementing its reputation as one of the leading financial technology companies in Africa. The company also hosted community-driven events such as Open House Lagos, the PiggyVest Finance Roundtable, and a Cybersecurity Roundtable, fostering discussions on personal finance and digital security.
PiggyVest’s ecosystem includes PocketApp, which saw over ₦1 trillion in transaction volume in 2024, and PiggyVest Business, which processed ₦334 billion in the same year. The platform also recorded a total of 8.2 million users across its products.
PiggyVest aims to remain at the forefront by introducing innovative tools and expanding its product lineup “As we move into 2025,” Ifezue says, “we’re more committed than ever to improving our offerings to help you manage and grow your finances.”
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