Bimpe Adebayo

Three Nigerian businesses have received a combined N10 million in grants from fintech company Piggyvest as the financial technology firm marked a decade of operations and expanded its focus on helping individuals and businesses build wealth.

The beneficiaries — EsteBare Ltd, Backel Food Services Limited and Pemnia Wellness — are businesses operating across the fashion, beauty and hospitality sectors.

The grants were presented during the 2026 edition of Piggyvest’s Open House, an annual engagement platform that brought together more than 4,000 Nigerians, entrepreneurs and stakeholders from the financial services, technology and business communities.

The event, held under the theme, “The Future of Wealth Is Here,” provided a platform for discussions around the changing nature of income, personal finance and wealth creation in Nigeria.

Piggyvest said the grants were intended to support businesses with plans to strengthen their operations, expand their activities and take advantage of new growth opportunities.

Beyond the grant initiative, the anniversary edition featured several product and partnership announcements aimed at broadening the ways users can save, invest, spend and manage their finances.

One of the major announcements was a partnership between Piggyvest and Mikano to create a structured savings pathway for users seeking to own vehicles.

The initiative comes against the backdrop of changing patterns of work and income in Nigeria, where remote employment, freelancing, entrepreneurship and multiple income streams have become increasingly prominent.

According to Piggyvest, the partnership is designed to provide users with a more structured approach to setting aside funds towards vehicle ownership, while aligning with the changing financial needs of its customer base.

The company also unveiled a revamped user experience, including the new Piggyvest and PocketApp, as well as refreshed offerings covering savings, investments, spending, salaries and business banking.

The product changes formed part of the company’s broader effort to provide users with financial tools that address different stages and aspects of their financial lives rather than focusing solely on savings.

At the event, speakers and participants also examined some of the major economic issues confronting Nigerians, including inflation, movements in the naira, emerging income opportunities and the prospects for wealth creation over the next five to 10 years.

The discussions reflected growing interest among individuals and businesses in finding ways to preserve and grow wealth amid changing economic conditions.

Piggyvest’s Open House has evolved considerably since its introduction. Initially conceived as a town hall where users could interact directly with the company and gain a better understanding of its products and services, the initiative has grown into a broader platform for conversations around finance, technology and entrepreneurship.

In 2025, the Open House expanded beyond Lagos to Abuja, Uyo, Port Harcourt and Ibadan, extending the company’s engagement with users and stakeholders across different parts of the country.

The 2026 edition therefore served both as a celebration of the company’s 10-year journey and as an opportunity to outline its direction for the next phase of its operations.

With the latest initiatives, Piggyvest said it was reaffirming its ambition to give Nigerians more integrated tools for saving, investing, spending and managing their finances, while supporting businesses seeking to grow in an evolving economy.

The anniversary activities also highlighted the changing relationship between technology and personal finance in Nigeria, as fintech platforms increasingly seek to provide services that cover multiple aspects of users’ financial lives.