Share
A PiggyVest report shows 40% of Nigerian Gen Z have no income and 69% lack emergency savings, highlighting deep financial vulnerability.
When rent, hospital bills, or other emergencies come knocking, insurance rarely picks up the tab in Nigeria. Instead, young people are turning to apps like Piggyvest, building their own safety nets one deposit at a time.
The fintech shared it paid out over ₦835 billion to its users in 2024, a 53% increase from its total payout in 2023.
The second report reveals that a staggering 43% of Nigerians either don’t save or have stopped saving altogether.
“The situation is being handled,” according to investors at Float. We also covered the payouts made by Piggyvest since 2016.
In this episode of Zero To Scale, Joshua talks about building Piggyvest from a tweet-inspired idea to one of Nigeria’s biggest technology companies one customer at a time.
In this edition, Peace talks to us about handling social media for a tech company, hating the 9 to 5 lifestyle, and starting a community for non-tech talents in tech.
CowryWise or Piggyvest? Both? Why?
Get a weekly newsletter roundup on African Tech
Free access to in-depth African tech coverage.
Already an Insider? Sign in
Sign in to your Condia Insider account.
Forgot password?
New here? Create free account
Enter your email and we'll send a reset link.
Back to sign in
We have sent your verification link.
If your account exists, your reset email is on the way.