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    PiggyBank.ng and Flutterwave: The Game-Changing Partnership that Promises Faster Transactions

    Idris AbubakarIdris Abubakar
    February 22, 2018
    PiggyBank.ng and Flutterwave: The Game-Changing Partnership that Promises Faster Transactions

    Businesses in similar industries usually have competitive relations and instincts. But when they work together, the possibilities are limitless. This has proven key in the successful relationship between two Nigerian fintechs: PiggyBank and Flutterwave (An update on this partnership was posted here).

    Both companies have been players in the Nigerian tech scene for quite some time. Actually, they have been partners since 2017.

    A key part of their alliance is that they complement each other. But how?

    Piggybank.ng: Who are they?

    Launched in 2016, Piggybank.ng is a fintech startup founded by three young entrepreneurs. The company has the ambitious goal of improving the savings culture amongst Nigerians.

    PiggyBank.ng Partners Flutterwave For Faster Transactions

    Founded by four young entrepreneurs, PiggyBank is one Nigeria’s most innovative fintech companies

    As its practice, the startup thrives on combining discipline and flexibility in helping people improve their saving habits and better manage their finances.

    It does this by providing a digital wallet for each user. Users can load up the wallet with funds from their banks. PiggyBank then secures the funds and holds them until users desire to make a withdrawal.

    Quite similar to traditional banks, right? Well, not exactly.

    Piggybank gives users access to their funds once, every four months. However, users can set a custom date for their withdrawal. In 2017, PiggyBank saved over N1 billion for its customers; up from N21 million in 2016.

    To make the withdrawal slick and easy, Piggybank relies on the strength of Flutterwave and PayStack.

    PiggyBank partners Flutterwave

    Flutterwave is already a big player in the Nigerian mobile transfer market.

    Futterwave is Giving You the Best Love Deal For This Valentine. Are You Ready?

    Flutterwave is one of the fintech innovators instrumental to an evolving Nigerian financial sector

    As a fintech company, Flutterwave is focused on helping banks and businesses provide seamless and secure payment experiences for their customers.  It has processed over $2bn since 2016.

    Piggybank’s partnership with Flutterwave revolves around ensuring seamless withdrawal process for its millennial customers.

     


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


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    Idris Abubakar

    Idris Abubakar

    Abubakar Idris has interests in all things web, business and tech innovations. I write to inform.

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