# PiggyVest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/piggyvest

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.piggyvest.com
- Total disclosed funding: $1.1M
- Latest round: Seed (May 31, 2018)
- Investors on record: 3

## About

Based in Lagos, Nigeria, and founded in 2016, PiggyTech Global Limited dba as PiggyVest and formerly known as Piggybank, operates as a fintech company that helps individuals and businesses manage finances. In May 2018, Piggybank raised USD 1.1 million of seed funding from Leadpath Nigeria, Ventures Platform, and Village Capital. As of September 2022, the company has helped over 3 million customers with their financial goals by helping them save and invest.

PiggyVest offers various products through its mobile application including Piggybank which automatically saves any amount daily, weekly, or monthly; Investify which allows users to earn more on their savings by investing in pre-vetted, low-medium risk, primary and secondary investment opportunities; SafeLock a fixed savings option that allows earning up to 15.5% per annum; Target Savings; and Flex Naira account is a flexible savings wallet where interests earned on all other PiggyVest wallets are paid. The company's mobile application is available on iOS and Android devices.

The company generates revenue through asset management and from the float balances generate at partner banks.

The company plans to use the seed funding to launch its platform.

## Funding rounds

- Seed, May 31, 2018, $1.1M — Village Capital, Leadpath Nigeria, Ventures Platform

## Investors

- Village Capital (https://capitalatlas.ai/funds/village-capital) — Seed
- Leadpath Nigeria (https://capitalatlas.ai/funds/leadpath-nigeria) — Seed
- Ventures Platform (https://capitalatlas.ai/funds/ventures-platform) — Seed