Piggyvest Celebrates a Decade with Over N3 Trillion Disbursed to Users
In a landmark achievement, Piggyvest, a prominent savings and investment platform, has announced that it has disbursed over N3 trillion to its users over the past 10 years, since its inception in 2016. This significant milestone was revealed during the platform's 10th anniversary celebration held in Lagos, underscoring its rapid growth and impact in the financial technology sector.
Expanding User Base and Savings Volume
Piggyvest now serves over six million users, a testament to its widespread adoption across Nigeria. During the anniversary event, Koshua Chibueze, Co-founder and Chief Marketing Officer of Piggyvest, provided key data points illustrating the platform's evolution. He disclosed that Piggyvest currently processes over N61,000 in savings every second, a notable increase from N49,000 per second recorded the previous year. This surge in savings activity reflects the platform's enhanced efficiency and user engagement.
Chibueze highlighted that users leverage Piggyvest for a diverse range of financial goals, including saving for rent, vacations, business investments, and purchasing gadgets. He emphasized the culture of discipline fostered by the platform, citing an example of a user who saved consistently for 522 consecutive days. This case demonstrates how Piggyvest encourages financial prudence and long-term planning among its customers.
Regulatory Support and Industry Acknowledgment
Ayo Akinola, Chief Executive Officer of PocketApp, acknowledged the crucial role played by regulatory partners in Piggyvest's journey. Their support has been instrumental in navigating the financial landscape and ensuring compliance, which has contributed to the platform's sustained growth and trust among users.
The anniversary event not only celebrated past achievements but also set the stage for future innovations in the fintech space. With its robust user base and substantial disbursements, Piggyvest continues to be a key player in promoting savings and investment culture in Nigeria, driving financial inclusion and empowerment.
