Piggyvest, a digital savings platform in Nigeria, has reached a milestone of 9 million active users as it celebrates its 10th anniversary. The platform, founded in 2014, has grown rapidly in a country where savings rates remain historically low.
The company’s co-founder and CEO, Somto Ifezue, announced the achievement during a virtual event marking the anniversary. According to Piggyvest, the platform has mobilized over 9 million users who have saved or invested through its services. The growth reflects increasing trust in digital financial solutions among Nigerians.
Piggyvest was launched to address the challenge of low savings in Nigeria, where many individuals lack access to formal banking services. The platform allows users to save small amounts regularly, with options for automatic transfers and investment in fixed-income instruments.
The rise of mobile money and fintech in Nigeria has created a fertile ground for platforms like Piggyvest. With over 100 million active mobile money users in the country, the potential for financial inclusion continues to expand.
Piggyvest’s success highlights the growing role of technology in transforming personal finance in Africa. As more Nigerians adopt digital tools, the platform is positioned to play a key part in improving financial literacy and savings habits.
