Exclusive: Flutterwave invested in PiggyVest’s parent company in 2023
- Flutterwave invests $3 million in Piggytech, the parent company of PiggyVest.
- PiggyVest had previously disclosed $1.1 million in venture funding.
- PiggyVest reported annual revenues of around $25 million in 2021 and $27 million in 2022.
The investment by Flutterwave in PiggyVest is a positive move for both companies, allowing them to strengthen their relationship and potentially benefit from future equity. PiggyVest's consistent revenue growth and evolution into a holding company with multiple services demonstrate its ability to adapt and expand in the fintech industry. The fund manager license obtained by PiggyVest further enhances its credibility and potential for managing customer assets.
