PiggyVest is a financial management platform that offers automated, goal-oriented, and fixed savings plans, allowing users to earn interest rates between 12% and 20% on their deposits. By partnering with AIICO Capital and leveraging a licensed microfinance bank, PiggyVest provides secure and efficient savings solutions for individuals and businesses, addressing the need for accessible investment opportunities in Nigeria.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FFounders
Product
Problem
Many individuals lack access to secure and reliable savings platforms that offer attractive interest rates, hindering their ability to achieve financial goals. Traditional savings methods often provide limited returns and may not be easily accessible or tailored to individual needs.
Solution
PiggyVest is a financial management platform that provides users with automated, goal-oriented, and fixed savings options, enabling them to earn interest on their deposits. The platform offers a range of savings plans, including automated savings, fixed savings, goal-oriented savings, and flexible savings in both local and foreign currencies. PiggyVest employs high-level internet security measures, including 256-bit SSL security encryption, to protect user information and ensure the safety of funds.
Target Audience
PiggyVest primarily targets individuals and businesses in Nigeria seeking secure, accessible, and high-yield savings and investment opportunities.
Features
- Automated savings plans (Piggybank) that allow users to build dedicated savings automatically or manually.
- Fixed savings options (Safelock) that enable users to lock away funds for a fixed duration with higher interest rates.
- Goal-oriented savings (Target Savings) that help users reach specific financial goals, either individually or in groups.
- Flexible savings accounts (Flex Naira and Flex Dollar) that allow users to save, transfer, manage, and withdraw funds at any time in local or foreign currencies.
- HouseMoney feature to plan for rent and household expenses.
- High-level internet security with 256-bit SSL encryption to protect user data.