PiggyVest paid out ₦1.3 trillion to its users in 2025, marking a 56 per cent increase from the ₦835 billion recorded in 2024, as the Nigerian fintech crossed six million users ahead of its tenth anniversary. The milestone highlights the platform’s growing relevance in Nigeria’s increasingly crowded fintech space, particularly at a time when households and small businesses are seeking safer ways to manage cash and plan for the future.
In a message to users, the company disclosed that its assets under management grew by 110 per cent in 2025, although it did not provide the absolute figure. The strong growth was supported by a major infrastructure upgrade during the year, with PiggyVest rolling out its own in-house payment system powered by PocketApp and retiring the virtual account numbers it had depended on since its early years. The shift has strengthened control over deposits and payouts, improving reliability for users who rely on the platform for routine savings and withdrawals.
The fintech’s performance in 2025 also attracted global attention, earning it a place on CNBC’s list of top fintech companies for the year alongside other African payment and financial services firms. For many Nigerian users, especially small business owners, this recognition reinforces confidence in using digital platforms to safeguard funds amid economic uncertainty.
Since launching in 2016, PiggyVest has now paid out more than ₦3 trillion to users, consolidating its position as one of Africa’s leading digital savings platforms. While the company initially focused on individual savers, its expansion into business-focused products is beginning to shape its next phase of growth. In 2024, PiggyVest introduced PiggyVest Business, extending familiar tools such as fixed savings and low-risk investments to small businesses looking for structured ways to manage idle funds and earn predictable returns.
Products like Investify and Safelock allow businesses to lock away funds while earning interest, offering an alternative to leaving cash dormant in traditional accounts. Although usage figures were not disclosed, the company says early adoption has been encouraging and plans are underway to allow users switch seamlessly between personal and business use cases within the app. This flexibility is expected to appeal to micro and small enterprises that often blur the line between personal and business finances.
The Community engagement also contributed to PiggyVest’s growth during the year. The company expanded its OpenHouse programme, hosting town halls in five cities, including Lagos and Abuja, to gather feedback and refine its product strategy. These interactions have helped the fintech better understand how individuals and small businesses use its tools in real-life settings.
Looking ahead, PiggyVest is also preparing to launch PiggyVest Kids, a savings product for children, with a rollout targeted around Children’s Day later in the year. The product is expected to tap into rising interest among parents in early financial education and long-term savings planning.
Reflecting on the payout milestone, the company said the figures reflect growing confidence in its platform. In an environment where trust remains a major barrier to digital finance adoption, the steady rise in payouts and users suggests that more Nigerians, including entrepreneurs and small business owners, are increasingly comfortable using digital savings and investment tools to secure their financial futures.
