2020 was an incredible year for Piggyvest, we saw tremendous growth even in a pandemic year - we paid back N90 Billion to our users in the course of the year. We think of that as several goals achieved, several dreams coming true, several aims fulfilled.
But even more interesting is the fact we have surpassed this number already in the first half of 2021. We do not take being a part of your life's journey for granted.
We have spent the last 6 months preparing - laying foundations, building partnerships needed for the next phase of our growth. The first half of 2021 has been an intense building period for the entire Piggyvest team.
Earlier this year, we began discussions to acquire a savings and investment company, Savi.ng and all its assets and we are more than proud to announce today that the acquisition is now completed.
What is Savi.ng?
Until the acquisition, Savi.ng was a wealth management app launched in 2018 that allowed users to save via various features like automated savings, fixed deposits, joint savings and PAYE.
What does this acquisition mean?
For you, our existing Piggyvest users, nothing changes, everything continues to work as normal. We will continue to provide you with the best savings and investment options that we can; and you will continue to be part of a community of 3 million people (and counting!) in the Piggyvest family.
All existing Savi.ng users will be automatically migrated to Piggyvest and we'll continue the good work the savi.ng team has started. Our vision remains the same: financial freedom for all, and with this acquisition, we are a step closer. We believe in a connected ecosystem and our mission to give everyone the power to better manage and grow their finances remains ever strong.
Our parent company, Piggytech Global Limited, continues to grow with a suite of consumer-focused finance products. We will continue to announce them as the year moves along. This announcement is one in a long list of announcements, improvements and updates that we will have for you as we continue in 2021.