Piggyvest, Nigeria’s leading savings and investment platform, marked its ninth anniversary on Thursday. Since its inception in 2016, the platform has transformed the savings culture for millions of Nigerians, helping them to invest and manage their finances.
Empowering millions through financial discipline
Founded by Somto Ifezue, Odunayo Eweniyi, and Joshua Chibueze, Piggyvest began as Piggybank.ng with a mission to empower Nigerians to take control of their finances. Over the years, it has evolved into a comprehensive financial ecosystem that offers automated savings tools, investment opportunities, and innovative features like Safelock and Target Savings. These tools enable users to save towards specific goals while earning competitive interest rates.
As Piggyvest celebrates this milestone, its founders expressed gratitude to users in a heartfelt message shared across social media, stating, “From the very first person who trusted us with their money to the millions of you who now call Piggyvest home, you have been at the centre of this journey,” they said.
Since its launch, the platform has grown to serve over 5 million users and has disbursed over N2 trillion. In 2024 alone, Piggyvest paid N835 billion to customers while processing over N1 trillion in transactions through its rebranded social payment platform, PocketApp.
Innovation drives Piggyvest’s 9-year success
Piggyvest’s success story is closely tied to its commitment to innovation and user-centric services. The platform introduced features like Flex Naira for flexible savings and Piggyvest Dollar for dollar-denominated savings. These offerings have made financial discipline accessible to young professionals, entrepreneurs, and students across Nigeria.
CEO Somto Ifezue hinted at more innovations in 2025, including a budgeting feature designed to help users manage daily expenses effectively: “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,” Ifezue shared.
Piggyvest’s achievements have also contributed significantly to Nigeria’s fintech ecosystem by inspiring a wave of digital savings and investment solutions across Africa. As it enters its tenth year, the company remains committed to driving financial inclusion and freedom for all Nigerians.