👨🏿🚀TechCabal Daily – Moove-ing on
In today's edition: PiggyVest, Class of 2016 || Moove exits Nigeria || SA offshore gambling plans || Who secured the bag? 💰
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Subscribe now. In 2016, PiggyVest's founders sought Nigerians' trust with ₦18 billion ($71 million) in investments, following the collapse of the Ponzi scheme MMM. After four years of relying on other companies' licenses, PiggyVest dropped the "Piggybank.ng" name due to central bank regulations and survived a significant withdrawal incident in 2021.
Now boasting 6.7 million users, PiggyVest returned ₦1.3 trillion ($983 million) to savers in 2025 alone. The parent company also owns Pocket, a payments app, and aspires to create a comprehensive financial ecosystem for every Nigerian.
Written by urgent.news from TechCabal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
