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PiggyVest Surpasses Billion Dollar Mark In Payouts
![The founding team at Piggyvest. Image Source: Instagram](https://cioafrica.co/wp-content/uploads/2025/01/Piggvest-founding-team.jpg)
PiggyVest, a leading savings and investment platform with over five million users, has achieved a significant milestone: surpassing $1.25 billion (₦2 trillion) in total payouts to its users since its inception in 2016. This represents a remarkable 53 percent increase from 2023, with over $547.3 million (₦835 billion) paid out in 2024 alone.
“2024 was our most profitable and successful year,” stated Somto Ifezue, CEO and Co-Founder of PiggyVest. “We remained steadfast in delivering value to our users despite facing economic challenges.”
Renowned for its innovative products, PiggyVest has democratized access to financial services for Nigerians. By leveraging technology, the company bridges the gap between traditional banking and the needs of the digital-savvy population.
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This milestone underscores the increasing trust Nigerians place in digital platforms for their financial needs. Consumers are embracing digital solutions for managing finances, from savings and investments to payments and remittances.
The platform is user-friendly, catering to a diverse range of users. The company consistently introduces innovative products, such as savings plans and investment options, catering to various financial goals. Furthermore, PiggyVest actively promotes financial literacy, empowering users to make informed decisions. Finally, the company prioritizes customer satisfaction by providing excellent customer support.
This milestone has significant implications for the Nigerian fintech landscape. It will intensify competition, driving innovation and enhancing the user experience. By expanding access to financial services, fintech companies like PiggyVest contribute significantly to financial inclusion in Nigeria, empowering individuals, and businesses to participate more actively in the economy.
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