PiggyVest, renowned for its savings and investment tools, disbursed a record ₦835 billion to customers — a testament to its reliability and growing popularity.
By the end of the year, PiggyVest had amassed over 5 million users, cementing its status as a trusted financial partner for millions of Nigerians.
In addition, the company’s rebranded social payment platform, PocketApp (formerly Abeg), processed over ₦1 trillion in transactions during the year, underscoring its rapid growth and success in the social payments sector.
Founded in 2016 to tackle challenges in financial discipline and investment, PiggyVest has continued to innovate to meet the evolving needs of its users. The rebranding and growth of PocketApp were part of the company’s broader strategy to diversify its offerings and capture the growing demand for digital-first financial solutions, especially among Nigeria’s tech-savvy youth.
The company also reported a 76% increase in its assets under management in 2024, further highlighting its growing relevance. Users saved ₦44,000 every second on the platform, amounting to an annualized total of ₦1.39 trillion.
PiggyVest’s accomplishments have earned global recognition. In July 2024, the company was listed among CNBC’s top 250 fintech companies worldwide, affirming its innovative approach to financial planning and its pivotal role in shaping the future of finance.
Looking ahead, PiggyVest is gearing up for another groundbreaking year. In 2025, the company plans to introduce a new budgeting feature to help users better manage daily expenses and stretch their salaries until the next payday.
“Our customers have complained that their salaries no longer last until the end of the month. This year, we plan to roll out an additional feature on PiggyVest to help you manage your day-to-day expenses and ensure your salary lasts until the next payday.” said CEO Somtochukwu Ifueze.
The company has also hinted at potential plans for an Initial Public Offering in the near future, a move that could expand its services beyond Nigeria and unlock opportunities across Africa’s rapidly growing fintech ecosystem.
