PiggyVest
The online savings and investment platform helping Africans manage their money better
What it does
PiggyVest (originally Piggybank.ng) was founded in 2016 by Somto Ifezue, Odunayo Eweniyi, and Joshua Chibueze to help young Africans manage and save money efficiently. The platform provides automated daily/weekly savings features (Safelock, Target Savings) and fractional commercial co-investments (Investify). It is widely celebrated as one of Nigeria's most successful consumer fintech platforms.
Digital savings platformsMicro-investingFractional / alternative asset investingInvestment / brokerage platforms
Known for
- Pioneering consumer automated micro-savings
- Safelock fixed-deposit product
- Investify micro-investment marketplace
- Flagship consumer fintech brand
Model & industry
SaaSAll / Cross-industry
Funding history
$1.1M
Total raised
1
Rounds
Seed
Latest stage
2018
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2018-05 | Seed | $1.1M | LeadPath Nigeria |
Source: Condia Funding Tracker
Products & subsidiaries
Target Savings & Safelock · Automated SavingsInvestify · Micro-Investment MarketplacePocket App (Abeg) · Social Commerce & Payments App
Acquisitions
- Savl (2021). Assets acquired to bolster digital wealth tools.