Piggyvest

Piggyvest

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Investment Firm

Overview

Piggyvest enables Nigerian debit card holders save little amounts of money frequently with minimal effort. They automate the process of saving tiny amounts daily, weekly, or monthly; and then allowing you to withdraw for free on only set withdrawal dates thereby practically making saving more possible for you by eliminating the temptation to withdraw.

Piggyvest is a platform that helps individuals and businesses manage their finances effectively - save and invest with ease.

As Piggybank.ng, Piggyvest operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555).

All saved funds are now warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).

Highlights

Founded

2016

Industry

Financial Services

Employees

51-100

Investment

1

Lead Investment

0

Exits

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Stages

Seed

Investor Type

N/A

Location

Africa

Contact Information

Social

Profile Resume

Piggyvest, established in 2016 and headquartered in Africa., specializes in Seed investments across Financial Services, FinTech, Credit Cards, Payments, Credit, Debit Cards. Their recent investments include Allawee. The highest investment round they participated in was $7.2M. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Nonso Eagle

Nonso Eagle

Co-Founder and CCO

Investment portfolio

Piggyvest has made 1 investments. Their most recent investment was on Mar 01, 2022, when Allawee raised $300.0K.

investments

1

Diversity investments

0

Lead investments

0

Number of exits

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Investments

1

Annouced DateOrganization NameIndustryMoney Raised
Mar 01, 2022
Allawee Allawee
Financial Services300.0K

Exits

0

Funding Timeline

Funding rounds

1

Investors

5

Funds

0

Funding Rounds

1

Piggyvest has raised 1 rounds. Their latest funding was raised on Mar 01, 2022 from a Pre Seed Round - Allawee round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Mar 01, 2022
Pre Seed Round - Allawee Pre Seed Round - Allawee
-300.0K-

Investors

6

Piggyvest is funded by 6 investor(s). Flutterwave and Village Capital Kantor are the most recent investors.

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

Invest in industries

Recent Activity

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