Funding
Seed · Fintech

Piggybank.ng raised $1.1 million in seed funding in 2018

LeadPath Nigeria led the financing for the savings platform now known as PiggyVest.

By RoundOS Funding desk

Piggybank.ng announced $1.1 million in seed financing on May 31, 2018. LeadPath Nigeria provided $1 million, with Village Capital and Ventures Platform contributing $50,000 each.

The financing supported licensing and product development for the Nigerian savings platform. A later founder account described the capital as a combination of equity and convertible debt. LeadPath founder Olumide Soyombo joined the board.

Use of funds

Licensing and product development

Funding history

Seed · This round$1.1M

Sources

  1. PiggyVest helped Nigerians save and became more than a savings apptechcabal.com · Oct 7, 2026
  2. Piggybank.ng financing announcementtechcrunch.com · May 31, 2018

Similar rounds

All Fintech rounds →
Ghanem

Ghanem is a Saudi proptech platform that lets individuals and institutions invest in fractional ownership of income-generating real estate.

$1.5MPre-seed extension · Oct 24, 2026
Cognitive Credit

Cognitive Credit provides corporate credit data, financial models and AI analysis tools for investment banks and asset managers.

$40MStrategic growth investment · Oct 22, 2026
Slingshot Insurance

Slingshot Insurance builds software infrastructure for embedded insurance programs sold through business platforms.

$27MSeed · Oct 22, 2026
Coast

Coast combines payment cards, expense controls and bill payments for businesses with fleets and field teams.

$35MUndisclosed · Oct 22, 2026

Related