#77: PiggyVest - How the savings and investment platform is providing financial services across Nigeria
Afrobility: Africa Tech and BusinessNovember 18, 2024
77
02:24:40231.81 MB

#77: PiggyVest - How the savings and investment platform is providing financial services across Nigeria

Overview: Today, we’re going to explore PiggyVest - the Nigerian savings and investment platform. We’ll discuss the story across the following areas:

  • African Banking & Neobank context 

  • PiggyVest’s early history

  • Product & monetization strategy

  • Competitive positioning & potential exit options

  • Overall outlook


This episode was recorded on Oct 30, 2024


Companies discussed: PiggyVest, Chipper Cash, Kuda Bank, Paystack, Flutterwave, FairMoney, Paystack, Brass, Cowrywise, Carbon, Chipper Cash, Interswitch, GTBank, Sterling Bank & UBA.


Business concepts discussed: Neobank / Challenger bank / digital bank strategy, remittances Neobank monetization & Consumer Lending, consumer FinTech monetization strategy, consumer lending, retail banking strategy, customer segmentation strategy & low-end disruption


Conversation highlights:

  • (00:30) - Introduction

  • (05:50) - African Banking & Neobank context

  • (30:16) - PiggyVest's Founding Story

  • (41:15) - Fundraising and Growth

  • (53:30) - Geographical Expansion and Partnerships

  • (01:18:52) - Product and Monetization strategy

  • (01:35:20) - Competition and options for exit

  • (01:54:35) - Bankole’s overall thoughts and outlook

  • (02:05:15) - Olumide’s overall thoughts and outlook

  • (02:15:45) - Recommendations and small wins


Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:


Listeners: We’d love to hear from you. Email info@afrobility.com with feedback!

Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com

Investors: It would be great to link up with you. Contact us at info@afrobility.com


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