In 2024, PiggyVest emerged as a transformative force in Nigeria's fintech landscape, achieving remarkable milestones that solidified its position as a leading financial partner for millions of Nigerians. The savings and investment powerhouse disbursed an astounding ₦835 billion to its customers while surpassing a significant milestone of 5 million users, showcasing its commitment to financial empowerment and inclusion.
The company's rebranded social payment platform, PocketApp (formerly known as Abeg), also made headlines, achieving over ₦1 trillion in transactions. This rebranding represented more than just a name change; it signified a strategic expansion into the thriving social payments market, successfully captivating Nigeria's digitally savvy youth.
PiggyVest reported an impressive saving rate of ₦44,000 every second, totaling ₦1.39 trillion annually. This surge contributed to a remarkable 76% increase in assets under management, demonstrating that PiggyVest is not merely a financial platform but a movement that resonates with the aspirations of its users. The company's innovative approach to financial inclusion has not gone unnoticed on the global stage, as PiggyVest earned a coveted spot among CNBC's top 250 fintech giants.
Looking ahead, 2025 promises even more innovation from PiggyVest. The company is set to launch a budgeting feature aimed at helping Nigerians stretch their salaries until payday—a potential game-changer for many navigating challenging economic conditions. Additionally, there are whispers of a potential initial public offering (IPO), hinting at even greater ambitions and paving the way for expansion across the African continent.
PiggyVest's success in 2024 is not just a milestone for the company; it serves as a beacon of how innovative digital platforms can transform financial access and empower individuals. With its continued growth and commitment to enhancing the financial lives of Nigerians, PiggyVest is poised to maintain its momentum as a fintech trailblazer in the years to come.
Play audio
Comments
Add your comment
Categories
Startup Raises
255
Feature
78
Fintech
33
Fresh News
667
How To
77
Acquisition
36
Reports
18
Opinion
44
Recent Posts
How to Develop a Strong Brand Identity for Your Tech Startup
In today’s competitive tech landscape, establishin...
Navigating the Funding Landscape: Tips for Startups in Emerging Markets
Startups in emerging markets face unique challenge...
Motorola Integrates Perplexity AI to Transform Smartphones into Native Answer Engines
Motorola is taking a bold step in mobile AI by int...
Young African Innovator? Apply for the NextGen Developers Hackathon 2025 (₦10M Prize)
Applications are now open for the NextGen Develope...
MarkHack 4.0 Introduces the First Ever Nigerian MarTech Awards
Nigeria’s first-ever marketing
and medi...
Related Post
MarkHack 4.0 Introduces the First Ever Nigerian MarTech Awards
Nigeria’s first-ever marketing
and media conference, MarkHack 4.0, is...
Meta Rolls Out New Facebook Measures to Suppress Spam and Support Real Creators
Meta has announced a series of new measures aimed at reducing spammy content o...
Logidoo Opens Global Trade Channels for African Businesses with Groupage Shipping
Logidoo, the pan-African logistics platform, has announced an important pivot to...
No comments