PiggyVest has crossed a major milestone, surpassing $1.25 billion (₦2 trillion) in total user payouts since its inception in 2016. The company recorded a 53 percent increase in payouts from 2023, disbursing over $547.3 million (₦835 billion) in 2024 alone.
Somto Ifezue, CEO and Co-Founder, , described 2024 as the company’s most profitable and successful year. “We remained steadfast in delivering value to our users despite facing economic challenges,” he stated.
Renowned for its innovative financial products, PiggyVest has played a key role in democratizing access to financial services in Nigeria. By leveraging technology, the platform bridges the gap between traditional banking and the needs of digitally savvy consumers.
This achievement highlights Nigerians’ growing confidence in digital financial solutions for managing their money. More consumers are turning to online platforms for savings, investments, and payments, reflecting a broader shift towards fintech-driven financial inclusion.
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PiggyVest continues to expand its offerings, introducing tailored savings plans and investment options to meet diverse financial goals. The company also strongly emphasizes financial literacy, equipping users with the knowledge to make informed financial decisions while maintaining a commitment to excellent customer service.
With this latest milestone, industry analysts predict intensified competition in Nigeria’s fintech sector, fostering further innovation and improved user experiences. As fintech firms like PiggyVest broaden financial access, they are poised to play a crucial role in enhancing economic participation for individuals and businesses across the country.
