PiggyVest Co-founders join Endeavor Nigeria’s global network of high-impact entrepreneurs

Endeavor Nigeria, at the 28th Virtual International Selection Panel (vISP) held on Tuesday, June 22nd, 2022, selected PiggyVest co-founders; Joshua Chibueze, Somto Ifezue and Odunayo Eweniyi to join its global network of high-impact entrepreneurs.

The PiggyVest trio will be joining the league of over 30 African entrepreneurs that are currently part of the network.

Globally, Endeavor’s network covers nearly 40 countries, giving support to over 2,000 entrepreneurs, whose companies generate combined revenues of over $28 billion, have created more than 3.9 million jobs, and, in 2020, raised over $4 billion in capital, according to Crunchbase.

“We are very excited about Piggyvest, Somto, Odun, and Josh who are such strong role models for entrepreneurs in Africa. We’re all proud to be on the journey with them, supporting the growth and mission of the PiggyVest team to democratize and simplify financial services for the next generation and becoming the dominant savings and investment platform across the African continent and other emerging markets,” said Tosin Faniro-Dada, the Managing Director and CEO of Endeavor in Nigeria stated in a press statement issued by the Non-profit.

To become an Endeavor Entrepreneur, you need to be vetted by the International Selection Panel (ISP) — the ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs and are committed to reinvesting their time and resources in their local entrepreneurship ecosystems to help others take off.

PiggyVest was selected at the 28th International Selection Panel (ISP) held last Tuesday, June 22nd, 2022.

“Going through the [selection] process, we met people who asked us thoughtful questions and gave us thoughtful feedback. As people whose job is to build based on those, that was exciting and validating. We’re looking forward to all the ways Endeavor can help us shape PiggyVest into the world-class company we know it can be while giving back to the community.” Joshua Chibueze, PiggyVest’s co-Founder and Chief Marketing Officer said.

PiggyVest is arguably the first “Savings & Investment” app in West Africa. It launched as Piggybank.ng in January 2016 as a savings-only platform. However, the fintech startup rebranded to PiggyVest in April 2019 and it began to offer direct investment opportunities to users in addition to savings. The rebrand came a year after the company raised a $1.1 million seed fund.

As part of Endeavor’s network, the newly selected entrepreneurs will gain access to comprehensive, strategic, global support services, including introductions to local and international business mentors, investors, and volunteers from Fortune 500 consulting firms who will help them address key needs.

PiggyVest is the 16th company selected into the global Endeavor network through the regional affiliated office in Nigeria.