Nigerian fintech firm PiggyVest disbursed a record ₦1.3 trillion to users in 2025, representing a 56% increase from the ₦835 billion paid out in 2024, capping a landmark year for the digital savings platform.
The payout milestone coincided with PiggyVest surpassing six million registered users, reinforcing its position as one of Africa’s leading digital savings platforms as it approaches its 10th anniversary. In an email sent to customers, the company disclosed that its assets under management more than doubled in 2025, recording 110% growth, although it did not release exact figures.
The strong performance reflects rising trust in digital financial tools among Nigerians grappling with persistent economic pressures. PiggyVest attributed part of its operational reliability in 2025 to its transition to an in-house payment infrastructure powered by its subsidiary, PocketApp. The move eliminated legacy virtual account numbers and gave the company greater control over deposits and withdrawals.
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PiggyVest’s growth and scale earned it international recognition, with the company named on CNBC’s list of top global fintech firms alongside Nigerian players Interswitch, Moniepoint, and Kenya’s M-KOPA.
Founded in 2016 as a simple digital savings app, PiggyVest has now paid out more than ₦3 trillion cumulatively to users. Its offerings have expanded beyond individual savings to include products for businesses. In 2024, the company launched PiggyVest Business, enabling small enterprises to access low-risk investment products such as Investify and Safelock.
User engagement initiatives also supported growth during the year, including the expansion of PiggyVest’s OpenHouse town hall events to five cities, including Lagos and Abuja, providing feedback to guide product development.
Looking ahead, PiggyVest plans to roll out PiggyVest Kids, a savings product targeted at children, with a proposed launch around Children’s Day in 2026.
The company’s performance underscores the continued momentum of Nigeria’s fintech sector and its role in deepening financial inclusion for millions of users.
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