PiggyVest is an online fintech platform that helps individuals, businesses and firms to manage their finances effectively. It is also known as PiggyBank or PiggyBank.ng.

In the early days, A piggybank is a personal saving box which was carved in the shape of a pig, it was invented in Germany. In the early days one only has to break the saving when they are in need of fund which made it difficult for people to actually save cause one always succumb to the urge of breaking or sending their saving.

On piggyvest, the reverse is the case, You can only withdraw if you choose to forfeit the interest you are normally entitled to.

Today we would be talking about the PiggyVest platform and we would be answering various questions people ask about PiggyVest such as how PiggyVest works, is it safe to use PiggyVest, how to invest money on PiggyVest, and various others.

WHAT IS PIGGYVEST?

PiggyVest was one of the first online savings and investment app in West Africa. PiggyVest was founded in 2016 by Ayo Akinola, Joshua Chibueze, Nonso Eagle, Odunayo Eweniyi, and Somto Ifezue.

They initially launched as a save only platform called PiggyBank but then rebranded in April 2019 to PiggyVest and began rendering direct investment opportunities to users in addition to savings. Now, they render their services to over a million users around the country.

WHAT DO PIGGYVEST DO?

PiggyVest allows Nigerians to save little amount of money frequently from the comfort of their home through their phones. There, you have an automated process of saving even tiny amount of money daily, weekly, or monthly, depending on the choice of the user.

PiggyVest renders various services, services that helps users all over the world to manage their finances with simplicity and transparency. Such as PiggyBank, Investment forum, Safelock, Target savings, and FlexNaira. In lame man terms you can piggyvest is an online saving and investment forum.

HOW TO SAVE ON PIGGYVEST

Saving on PiggyVest is a very simple task, all you need do is;

1. Create an account (if you don’t already have).
2. Choose your savings options (whether daily, weekly or monthly).
3. Set your details and start saving.

HOW TO INVEST MONEY ON PIGGYVEST

Investing on PiggyVest is also a simple thing to do;

1. Create an account (if you don’t already have).
2. Navigate to investify.
3. Review investment opportunities.

HOW DOES PIGGYBANK WORK?

PiggyBank is a feature on the Piggyvest platform where you can save on. Let’s say you start saving N100 daily, if you save N100 every day, that is N36,500 a year, plus the interest, it may sum up to around N40,000.

Like wise, if you save N20,000 every month from your salary, that is N240,000 a year plus the interest, it would sum up to about N270,000.

Note: You can save automatically or manuall , it all depends on the settings applied. If you enable the auto save feature the money would be deducted automatically, either daily, weekly or monthly, which ever way the user find conducive.

WHAT IS SAFELOCK?

Safelock is a feature in the PiggyVest platform that allows its users lock up money until a particular or intended time. You basically earn up to 13% of the money that you lock on your account. It works like fixed deposit accounts opened in banks.

SEE: TOP 10 BEST BANKS IN NIGERIA

WHAT IS TARGET SAVINGS?

Target Savings is a feature in the PiggyVest platform that enables its user to save money themselves or with a group of friends, family, or even communities savings. Just as the name implies, you save till a target point or time. Target savings has 10% interest rate. You can target a Particular date to save towards

Note: The minimum duration you can set is 30 days.

IS PIGGYVEST SAFE?

Yes, PiggyVest is completely safe. They make use of 256 bits SSL security encryption, to ensure that customers details or information such as debit card details, bank details and BVN are completely protected and secure.

HOW CAN YOU MAKE MONEY ON PIGGYVEST?

1. SAVINGS

Through the saving medium, a user is entitle to a 13% annual interest rate from saving annually.

2. INVESTMENT

Through the Investment platform, a user is entitled to an interest rate of about 25% returns on investments annually.

3. BONUS

A user can also earn from referring other customers, once the referred customer activates his or her account you are entitled to #1000 referrer point , points which can be transfers to your account.

WHAT ELSE CAN YOU DO ON THE PIGGYVEST PLATFORM?

Other than the banking and saving platform on PiggyVest you can also buy Bitcoin (BTC) with PiggyVest through the use of Paxful you can buy and hold your Bitcoin securely and sell at your desired time.

CAN YOU HAVE TWO ACCOUNTS ON PIGGYVEST?

PiggyVest does not allow the use of 1 debit card on other accounts. Once a card i registered to a counter it cannot be used on any other account on the PiggyVest platform.

HOW CAN YOU USE PIGGYVEST?

You can install the PiggyVest app on your phone, whether Andriod or IOS. On Andriod you can install the PiggyVest app from google playstore. While on I-phones you can install the PiggyVest app from the apple playstore. You can also access PiggyVest from their site at piggyvest.com.

HOW CAN YOU CONTACT PIGGYVEST?

You can Contact PiggyVest through various means, such as;

• The Website at https://www.piggyvest.com
• On mail at @piggyvest.com
• On call at +234 700 933 933 933
• You can also visit their head quarters at Tesmot House, Abdulrahman Okene Close, Victoria Island, Lagos, Nigeria

CONCLUSION

Despite the N2 Billion loss suffered by the PiggyVest company, the remain one of the most trusted saving and investment platform. After proving consistently their intent to better the life of Nigerians.

Through the 7 years the PiggyVest platform has successfully delivered for all their customers so far.
I hope i was able to teach you about piggyvest platform and all the major things to know about the platform.

If you are considering setting aside a few bucks, whether daily, weekly, or monthly, no matter how little it may be, you can use the PiggyVest platform. At the end of the year you can withdraw and see how much you have been able to save.

I hope you enjoyed reading this article, you should see out article on the top 10 fintech companies in Nigeria for more option.

Thank you for reading.