Nigerian fintech giant PiggyVest closed 2025 on a high note, disbursing a record N1.3 trillion to its users—a 56 percent increase from the N835 billion paid out in 2024. The milestone coincides with the platform surpassing six million registered users, cementing its leadership in Africa’s digital savings sector as it approaches its tenth anniversary.
In a message to customers, PiggyVest revealed that its assets under management doubled in 2025, marking a 110 percent growth, though exact figures were not disclosed. The surge reflects growing confidence among Nigerians in digital financial solutions amid economic pressures.
A major contributor to this success was the company’s shift to an in-house payment infrastructure through its subsidiary, PocketApp. The move replaced outdated virtual account numbers, giving PiggyVest greater control over deposits and withdrawals.
PiggyVest’s performance also earned international recognition, with the company featured on CNBC’s list of top fintech firms, alongside Nigerian peers Interswitch and Moniepoint, and Kenya’s M-KOPA.
Since its launch in 2016 as a simple savings app, PiggyVest has now distributed over N3 trillion in total payouts, evolving into a platform offering services for individuals and small businesses alike. In 2024, it introduced PiggyVest Business, providing low-risk investment options such as Investify and Safelock for SMEs.
Community engagement has also played a role in growth. The OpenHouse town hall series expanded to five cities, including Lagos and Abuja, enabling direct feedback that informed product development.
Looking ahead, PiggyVest plans to launch PiggyVest Kids, a child-focused savings product, targeting rollout around Children’s Day 2026.
The fintech’s trajectory underscores the resilience and innovation of Nigeria’s digital financial ecosystem, promoting financial inclusion for millions of users nationwide.