Piggyvest has announced that it has completed the acquisition of Savi.ng, a wealth management app that enables users to save via various features like automated savings, fixed deposits, joint savings and PAYE. It was founded in 2018.
The acquisition was announced in a Medium post.
All existing Savi.ng users will be automatically migrated to Piggyvest and enjoy the same: financial freedom for all.
Piggyvest revealed that “Earlier this year, we began discussions to acquire a savings and investment company, Savi.ng and all its assets and we are more than proud to announce today that the acquisition is now completed.”
On what the acquisition mean for its over 3 million existing users, Piggyvest said “Nothing changes as everything will continue to work as normal and will continue to provide its customers with the best savings and investment options available within its function.
The startup founded in 2016 concluded in the blog post that it has lined up innovative products for its customers which would be disclosed as the year moves along.
“Piggytech Global Limited, continues to grow with a suite of consumer-focused finance products. We will continue to announce them as the year moves along. This announcement is one in a long list of announcements, improvements and updates that we will have for you as we continue in 2021.”
