PiggyVest has announced that it has paid out more than N3tn to its users, marking a major milestone as the company celebrates its tenth anniversary.
The fintech platform revealed that the figure represents the total amount of matured savings and investment returns disbursed to more than five million users since its launch in 2016.
Originally launched as Piggybank.ng, the platform began with a simple mission: to help young Nigerians cultivate disciplined saving habits and curb impulsive spending. Over the past decade, it has evolved into one of Nigeria’s most recognised digital savings and investment platforms.
The company said the N3tn milestone reflects not only its growth but also the financial progress made by millions of Nigerians who have used the platform to achieve personal goals.
Speaking during an anniversary event held in Lagos on Thursday night, the co-founder and Chief Operating Officer of PiggyVest, Odunayo Eweniyi, said the platform was built to simplify financial discipline.
“A decade ago, we set out to make financial discipline easy. Today, our users have proven that with the right tools, Nigerians are the most resilient savers in the world,” she said.
Over the years, PiggyVest has introduced several features designed to encourage long-term financial planning, including SafeLock, Target Savings, and Flex Dollar, which allow users to save in dollar-denominated accounts.
The platform’s rapid growth mirrors the broader expansion of digital banking and fintech adoption across West Africa. What began as a niche application for early tech adopters has grown into a mainstream financial tool used by millions of everyday Nigerians.
Industry analysts say the company’s success has been driven largely by trust, transparency, and consistent user experience, factors that have helped it maintain a loyal customer base despite growing competition from banks and new fintech startups.
Reflecting on the company’s journey, the co-founder and Chief Executive Officer of PiggyVest, Somto Ifezue, said the scale of the platform’s impact has exceeded the founders’ expectations.
“Ten years ago, we were just trying to solve a personal problem of saving money. To see it scale into an N3tn engine for wealth creation is humbling. We are only just getting started,” Ifezue said.
Users across social media platforms also shared testimonials following the announcement, describing how the app has helped them manage their finances more effectively.
One user, Tunde Alabi, said the platform changed how many young Nigerians view personal finance.
“PiggyVest changed the narrative for my generation since 2018. It wasn’t just an app; it was a digital mentor that taught me how to pay myself first,” he said.
Another co-founder and Chief Marketing Officer of PiggyVest, Joshua Chibueze, said the company is now looking beyond savings as it enters its second decade.
“The next ten years will be about deepening our impact. We’ve mastered savings; now we want to master every other aspect of our users’ financial lives,” he said.
PiggyVest has indicated plans to expand into credit products and specialised insurance services, aiming to become a comprehensive financial platform for users.
The company’s growth over the past decade has also occurred during one of the most volatile economic periods in Nigeria’s recent history, marked by recessions, high inflation, and currency devaluation.
According to the company, its savings tools, particularly high-interest SafeLock features and dollar-denominated accounts, have helped many users protect their purchasing power during periods of economic uncertainty.
As part of its tenth anniversary celebrations, PiggyVest said it will roll out user rewards, new product features, and a documentary chronicling the rise of what it describes as the “PiggyVest Generation.”
