PiggyVest paid out ₦1.3 trillion to its users in 2025, a 56% increase from the ₦835 billion it paid out in 2024. The milestone comes as the Nigerian fintech crossed 6 million users ahead of its 10th year in operation, underscoring its continued relevance in the country’s increasingly competitive fintech landscape.
In an email to users, PiggyVest disclosed that its assets under management grew by 110% in 2025, although it did not provide an absolute figure. The company also made a notable infrastructure shift during the year, launching its own in-house payment system powered by PocketApp and retiring the virtual account numbers it had relied on since its early days.
“Establishing our own payment infrastructure through PocketApp account numbers has given us more reliability and control over deposits and payouts,” co-founder and Chief Marketing Officer, Joshua Chibueze, told Techpoint Africa.
PiggyVest’s progress in 2025 was also recognised globally, as the company made CNBC’s list of top fintech companies for the year alongside Interswitch, Moniepoint, and M-KOPA.
Beyond savings
Since launching in 2016, PiggyVest has now paid out more than ₦3 trillion to users, reinforcing its position as one of Africa’s leading digital savings platforms. While it initially built its reputation around individual savings, the company has gradually expanded its scope in recent years.
In 2024, PiggyVest launched PiggyVest Business, extending some of its core products to small businesses. Through offerings such as Investify and Safelock, businesses can access low-risk investment opportunities and lock funds in interest-bearing accounts. Although the company did not disclose the number of businesses currently using the product, Chibueze said early adoption has been positive.
“The pilot phase has been successful,” he said, adding that PiggyVest plans to introduce a feature that allows users to toggle between personal and business use cases within the app.
Community engagement also played a role in PiggyVest’s growth during the year, according to Chibueze, with the fintech holding town halls in five Nigerian cities, including Lagos and Abuja.
“We expanded our primary community programme, OpenHouse, to more cities nationwide last year. It gave us more depth and insights into product strategy,” he said.
PiggyVest had previously announced plans to launch PiggyVest Kids, a savings product designed for children, but the rollout has yet to commence. Chibueze said the company is now targeting a launch around Children’s Day later this year.
Reflecting on the payout milestone, Chibueze noted that the figures indicate an increase in trust in the platform.
“As a predominantly low-trust environment, we’re proud of the consistent work we have put in over the years to win back the trust of Nigerians when it comes to digital savings and investments and the impact on their lives,” he said.
