Sunday, June 4, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Fintech/Finance

Nigerian Fintech Startup Piggyvest Buys Savi.ng For An Undisclosed Fee

Femi Balo by Femi Balo
July 27, 2021
in Fintech/Finance, West Africa
0

On Tuesday Nigerian fintech startup Piggyvest announced that it had acquired Savi.ng, another fintech startup, via its social media platforms. Piggyvest is one of the top platforms for savings and investment platforms in Nigeria and has quite a plethora of products that ensure that savings and investments are flexible and done with a strong measure of discipline. The fintech also provides users with many varying incentives to encourage users to save and invest more.

Related posts

TransferGo

TransferGo Collaborates With High Impact Careers To Upskill African Migrants.

June 3, 2023
LemFi

Lemonade Finance Transition Brand Identity To LemFi.

May 31, 2023

Piggyvest was founded on the 15th of February, 2016, by Ayo Akinola, Joshua Chibueze, Nonso Eagle, Odunayo Eweniyi, and Somto Ifueze. It was initially known as Piggybank.ng but was rebranded as Piggyvest, a name that embodies what the platform is all about better. It is based in Lagos, Nigeria, and has become quite a household name since its inception five years ago in 2016. When it started, the startup ran a partnership with two Microfinance banks and used their licenses to operate but this change after it acquired Gold Microfinance bank and its license.

Savi.ng, until its acquisition by Piggyvest, was a wealth management app that was launched in 2018. The Savi.ng acquisition signals that the company is growing and that it is taking action to consolidate its position in the African space. According to its announcement via Instagram, Piggyvest saw an incredible year which can be attributed to the coronavirus pandemic. “2020 was an incredible year for Piggyvest, we saw tremendous growth even in a pandemic year – we paid back N90 billion to our users in the course of the year. We think of that as several goals achieved, several dreams coming true, several aims fulfilled”, the Instagram post read.

The company says that it has surpassed the N90 billion mark which it paid back to users on its platform, in the first quarter of this year alone. “…But even more interesting is the fact that we have surpassed this number already in the first half of 2021. We do not take being a part of your life’s journey for granted.

The company said that it had been working on the acquisition for quite some time now and that all transactions had been completed now – Savi.ng and all its assets now belong to Piggyvest.

Talking about what the acquisition meant and assuring customers that they can rest assured knowing that Piggyvest will only get better, the company said that “for you, our existing Piggyvest users, nothing changes, everything continues to work as normal. We will continue to provide you with the best savings and investment options that we can, and you will continue to be a part of a community of 3 million people (and counting) in the Piggyvest family”.

“Our Parent company, Piggytech Global Limited continues to grow with a suite of consumer-focused finance products. We will continue to announce them as the year moves along. This announcement is one in a long line of announcements, improvements, and updates that we will have for you as we continue in 2021”, it added.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: fintechpiggyvestsavi.ng
Previous Post

Demystifying The Get Rich Quick Cryptocurrency Investment Scheme

Next Post

Nigeria Now Spending 7tr Naira Annually On Electricity

Next Post
Nigeria Now Spending 7tr Naira Annually On Electricity

Nigeria Now Spending 7tr Naira Annually On Electricity

RECOMMENDED NEWS

Startimes Tops Up Bouquet With New Content At No Extra Cost

Startimes Tops Up Bouquet With New Content At No Extra Cost

2 years ago
The Kenyan Communication Adjust its Internet policy to Embrace the IPv6 Internet Protocol by September.

The Kenyan Communication Adjust its Internet policy to Embrace the IPv6 Internet Protocol by September.

11 months ago
ICT Sector Contributes Higher Than The Oil Sector In Q2 2021 — Contributes 17.9% To Nigeria’s GDP

ICT Sector Contributes Higher Than The Oil Sector In Q2 2021 — Contributes 17.9% To Nigeria’s GDP

2 years ago
Senegal

Hackers Sabotaged Several Senegalese Government Websites During The Weekend.

6 days ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa AI app banking CBDC cbn central bank of nigeria ChatGPT cloud cryptocurrency Crypto market cybersecurity e-commerce east africa ecommerce economy fintech funding Fundraising google government internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa whatsapp

Featured Categories

App
31 Posts
View Posts
Banking
18 Posts
View Posts
Business
15 Posts
View Posts
Cryptocurrency
35 Posts
View Posts
Cybersecurity
19 Posts
View Posts
East Africa
32 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
36 Posts
View Posts
Event
11 Posts
View Posts
Fintech/Finance
103 Posts
View Posts
Funding
32 Posts
View Posts
Gadget
13 Posts
View Posts
Government
68 Posts
View Posts
Insight
7 Posts
View Posts
Internet
23 Posts
View Posts
Investment
20 Posts
View Posts
Nigerian/African Tech
38 Posts
View Posts
North Africa
3 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
4 Posts
View Posts
Service
23 Posts
View Posts
Social Media
32 Posts
View Posts
Southern Africa
20 Posts
View Posts
Startup
92 Posts
View Posts
Telecom
46 Posts
View Posts
Transport
17 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
50 Posts
View Posts
No Result
View All Result
Loading
  • WASSCE
    The WAEC Council Apprehended Website Administrator For WASSCE Leak.
    • June 4, 2023
  • Pixxel
    Google Led Pixxel Fund Raising Round To Close At $36 Million.
    • June 3, 2023
  • TransferGo
    TransferGo Collaborates With High Impact Careers To Upskill African Migrants.
    • June 3, 2023
  • FinTech NGR & Huawei Cloud
    Huawei Cloud Co-Signed The Nigerian FinTech Cloud Adoption White Paper With FinTech NGR
    • June 2, 2023
  • INNODIP Rwanda
    INNODIP Will Eradicate Unemployment In Rwanda By December 2023.
    • June 1, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • The WAEC Council Apprehended Website Administrator For WASSCE Leak.
  • Google Led Pixxel Fund Raising Round To Close At $36 Million.
  • TransferGo Collaborates With High Impact Careers To Upskill African Migrants.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In