Nigeria’s leading digital wealth management firm, PiggyVest, has announced a record-breaking disbursement of N1.3 trillion to its customers in the 2025 fiscal year. The payout represents a significant 56 per cent surge from the N835 billion recorded in 2024, amidst the growing adoption of digital financial tools despite the prevailing macroeconomic pressures across the federation.
The milestone coincides with the fintech firm surpassing the six-million-user mark as it prepares to enter its tenth year of operations. By the end of 2024, the platform recorded a savings rate of approximately N44,000 every second.
According to a statement released by the company’s co-founders, Somto Ifezue, Odunayo Eweniyi, and Joshua Chibueze, Assets Under Management (AUM) in 2025 also witnessed a robust 110 per cent growth within the period under review. The firm attributed this expansion to a heightened culture of financial discipline among Nigerians seeking to hedge against inflationary trends.
Also Read: PiggyVest, Opay, Palmpay, Moniepoint Named Among World’s Top 300 Fintech in 2025
A pivotal shift in the company’s strategy in 2025 involved the total overhaul of its payment infrastructure. By retiring third-party virtual account numbers in favour of an in-house system powered by its subsidiary, PocketApp, the platform has gained greater autonomy over transaction flows. “Establishing our own payment infrastructure has afforded us unmatched reliability and control over deposits and payouts. PocketApp processed over N1 trillion in transaction volume within its ecosystem in one year,” noted Joshua Chibueze, the Chief Marketing Officer said in a news report.
PiggyVest’s Decade of Digital Wealth (2016–2025)
| Year | Milestone | Annual Payouts | Total Users |
| 2016 | Launched as Piggybank.ng | $N21$ Million | $700$ |
| 2019 | Rebranded to PiggyVest | $N25$ Billion* | $1$ Million |
| 2023 | Surpassed 4.5m users | $N545$ Billion | $4.5$ Million |
| 2024 | Named Global Top 250 (CNBC) | $N835$ Billion | $5.5$ Million |
| 2025 | Launched In-house Payments | $N1.3$ Trillion | $6$ Million+ |
The company’s consistent performance has also garnered international acclaim, with PiggyVest appearing on CNBC’s prestigious global list of top fintech firms for 2025. This recognition places the Nigerian startup alongside other industry giants like Interswitch and Moniepoint, further consolidating the country’s position as a dominant hub for financial technology innovation on the African continent.
Beyond its core individual savings products, the firm is aggressively diversifying its portfolio to capture the Small and Medium Enterprises (SMEs) segment. Since the 2024 launch of PiggyVest Business, the platform has recorded positive early adoption for its corporate investment tools, including the Investify and Safelock features. The management revealed plans to integrate a seamless “toggle” feature within its mobile application to allow users to navigate between personal and business accounts effortlessly.
Community engagement remained a cornerstone of the firm’s growth strategy throughout the past year. Through its “OpenHouse” town hall series, PiggyVest expanded its physical footprint to five major cities, including the Federal Capital Territory (FCT) and Lagos. These interactions, according to the leadership, have provided critical insights into consumer behaviour, directly influencing the company’s product development roadmap for the 2026 fiscal year.
Looking ahead, the fintech pioneer is set to deepen its impact on financial literacy with the anticipated rollout of “PiggyVest Kids.” The child-focused savings product, which was initially delayed to ensure regulatory and technical robustness, is now scheduled for launch around the 2026 Children’s Day celebration.
