In a remarkable display of growth and innovation, Nigerian fintech giant PiggyVest has achieved unprecedented milestones in 2024. The digital savings and payments platform paid out a record ₦835 billion to its customers, solidifying its position as a leader in the industry.
PiggyVest’s impressive growth is evident in its user acquisition numbers, with over 5 million users onboarded by the end of 2024. This surge in adoption underscores the platform’s reputation as a trusted financial partner for millions of Nigerians.
The company’s social payment platform, PocketApp (formerly Abeg), also experienced significant success, processing over ₦1 trillion in transactions in 2024. This achievement demonstrates PiggyVest’s strategic efforts to diversify its offerings and penetrate the social payments market.
PiggyVest’s remarkable growth is a testament to the increasing shift toward digital-first financial solutions in Nigeria. The platform’s innovative approach to financial planning has earned it recognition among the world’s top 250 fintech companies by CNBC.
PiggyVest plans to expand its offerings further, introducing a budgeting feature aimed at helping users manage daily expenses. With its sights set on another strong year in 2025, PiggyVest is poised to continue driving innovation and financial inclusion in Nigeria.
The company’s potential plans for an Initial Public Offering (IPO) in the future could position it to expand its services beyond Nigeria and capitalize on emerging opportunities across Africa.
As the Nigerian fintech space continues to flourish, PiggyVest’s success story serves as a shining example of how innovative financial platforms can reshape economic participation and drive growth.
