2025 RECAP | Nigerian Fintech, PiggyVest, Reports Highest-Ever Annual Payouts and Surpasses 6 Million Users in 2025

Nigerian digital savings and investment platform, PiggyVest, closed 2025 with its strongest performance yet – paying out a record ₦1.3 trillion to users and surpassing 6 million registered accounts as it approaches its tenth anniversary.

2025 – A Record Year

In 2025, PiggyVest reported its highest-ever annual payouts, distributing ₦1.3 trillion (~$900 million) to users – a 56% increase year-on-year compared to the ₦835 billion (~$580 million) it paid out in 2024.

The company also disclosed remarkable growth in its assets under management (AUM) – more than doubling in 2025 (a 110% increase), underscoring rising user trust and capital aggregation on the platform.

Strategic infrastructure developments also marked the year. PiggyVest transitioned to an in-house payment system powered by PocketApp, retiring its earlier virtual account system. According to co-founder, Joshua Chibueze, this shift aims to improve deposit reliability and payout efficiency for users.

Growth Trajectory: 2023 to 2025

PiggyVest’s performance over the past few years highlights a sustained upward trend:

• 2023: The platform paid out roughly ₦535 billion to users, contributing to total cumulative payouts of about ₦1.1 trillion since inception.
• 2024: Annual payouts climbed to ₦835 billion, a ~56% year-on-year increase from 2023, lifting total lifetime payouts above ₦2 trillion (~$1.4 billion). During the year, PiggyVest also crossed 5.5 million users and saw strong growth in its AUM.
• 2025: Payouts reached ₦1.3 trillion, with the user base expanding past 6 million and AUM more than doubling.

This progression reflects not just rising payouts but accelerating user adoption and financial activity on the platform.

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A Decade of Expansion

Since launching in 2016 as Piggybank.ng, PiggyVest has evolved from a simple savings app to a diversified digital financial ecosystem. Over nearly a decade, it has cumulatively paid out over ₦3 trillion to users, making it one of Africa’s most impactful digital savings platforms.

Key milestones across the years include:

• Product diversification: Beyond traditional savings, PiggyVest now offers products like Investify and Safelock, facilitating low-risk investments and disciplined savings. In 2024, it also launched PiggyVest Business to serve small and medium enterprises with tailored financial tools.
• Ecosystem development: Through the integration of PocketApp, PiggyVest has broadened its reach into payments and social finance, positioning itself beyond a pure savings platform.
• Recognition and credibility: In both 2024 and 2025, PiggyVest was named among CNBC’s Top Fintech Companies, highlighting its regional leadership and global relevance.

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Looking Ahead

PiggyVest’s leadership team is already eyeing new product launches. A savings solution for children – PiggyVest Kids – is reportedly slated for rollout around Children’s Day 2026, aiming to foster financial literacy and early saving habits.

The company’s sustained growth – from paying out hundreds of billions in its early years to now disbursing over a trillion naira annually – underscores how digital finance solutions are reshaping personal savings and investment behavior in Nigeria and across the continent.

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