Popular savings and investment platform, Piggyvest has announced that it has crossed ₦2 trillion in total payouts to users since its inception in 2016. In a statement shared with Technext, the company claimed that it paid out over ₦835 billion to its users in 2024 alone, a 53% increase from its total payout in 2023.
“2024 was an amazing year. It was our most profitable year, one of the years we achieved the most growth, and our most focused year as a company. It was also a year that tested our resolve in the face of economic challenges, but we remained steadfast and continued to deliver value to our users”, Somto Ifezue, CEO and Co-Founder of Piggytech Global Limited, parent company to Piggyvest, PocketApp, and Piggyvest Business, said in the statement.
According to Piggyvest, surpassing the ₦2 trillion all-time payout milestone is just one of its many milestones in 2024. The year-in-review reveals several key company milestones.
They include:
- Surpassing 5.5 million users on Piggyvest
- Growing Piggyvest’s Assets Under Management (AUM) by nearly 80% in one year.
- Being recognised by CNBC as one of the Top 250 FinTechs globally.
- Paying out ₦835 billion to users on Piggyvest in 2024 – up from ₦535bn in 2023
- Processing over ₦2 trillion in the Piggytech ecosystem in 2024 alone.
By the end of 2024, Piggyvest reports that users were saving and investing at a rate of ₦44,000 every second. “It’s an encouraging sign that Nigerians remain resilient in taking control of their finances and planning for a more secure future,” Ifezue added.

The CEO also hinted that a new feature will soon be released on the Piggyvest app in 2025. This feature will help users manage their day-to-day expenses and ensure their salary lasts until the next payday.
“Many have complained that their salaries no longer last until the end of the month. This year, we plan to roll out an additional feature on Piggyvest to help you manage your day-to-day expenses and ensure your salary lasts until the next payday”, he explained.
As highlighted in the Piggyvest Savings Report 2024, economic pressures in 2024, such as inflation, a significantly higher cost of living, and squeezed disposable incomes, made it harder for Nigerians to save and invest their funds.
In 2024, Nigeria saw inflation reach record highs, surpassing levels not observed since 1996. Within the past year alone, the national inflation rate has gone from 2023’s 25.08% to 32.70% in 2024.
The report also shows that more than 3 in 10 Nigerians earn below ₦100,000 monthly, and more than 2 in 10 Nigerians have no source of income. This implies that nearly half of all Nigerians interviewed are unemployed or underemployed.
The survey also discovered that 6 out of 10 (64%) Nigerians do not have emergency funds that will enable them to take care of future emergencies without incurring debt.
Read more here: Japa savings decline as 83% of Nigerians spend largest income share on food- report


Despite these stark numbers, the company has continued to grow, finding new ways to help its users navigate these economic challenges.
“We’re proud of how far we’ve come, but this is just the beginning,” Ifezue concluded. “Our goal remains to continue being the platform of choice for our Nigerians looking to better manage their personal and business finances, no matter the economic climate. We’re excited to continue this journey with our users and look forward to an even stronger 2025”, Ifezue concluded.