PiggyVest Payouts Scale to ₦1.3 Trillion as Active Users Reach 6 Million
Wealthtech platform PiggyVest has processed a record-breaking ₦1.3 trillion in payouts to users, marking a 56% year-over-year increase while expanding its retail savings network.
Lagos, Nigeria — Automated savings and investment pioneer PiggyVest has disclosed that it processed over ₦1.3 trillion in payouts to its users during the 2025 fiscal year. This represents a 56% increase compared to payouts in 2024, demonstrating resilient retail savings habits despite high inflation.
Launched in 2016, PiggyVest is Nigeria's largest digital savings and wealth management platform. The company makes money through asset management spreads and transaction fees, helping retail users automatically save and invest in low-risk fixed income. The platform now supports over 6 million registered savers.
The massive payout surge was accompanied by a 110% growth in assets under management. During the year, PiggyVest migrated its core payment infrastructure away from third-party virtual accounts to its in-house PocketApp infrastructure, securing greater transaction control and reducing clearing fees.
PiggyVest's performance signals strong consumer trust in digital wealth platforms even in high-inflation environments. As traditional bank deposit rates yield negative real returns, digital micro-savings remain a critical channel for capital accumulation. This performance sets a high benchmark for regional competitors like Cowrywise.
PiggyVest's payout volume of ₦1.3 trillion indicates that micro-savings platforms have evolved into major retail liquidity pools in Nigeria. By bringing virtual account infrastructure in-house via PocketApp, PiggyVest is successfully capturing transactional margins that previously went to commercial banks. Investors should notice that retail capital remains highly sticky on platforms that offer automated savings lock-ups, despite a challenging macroeconomic climate. The main risk is currency devaluation reducing the real dollar-denominated value of their overall assets under management.
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