Odunayo Eweniyi was born in Oyo, Nigeria. She is the first of four children. At school, she was the best of her generation in computational engineering. After finishing her studies, she met with two excompañeros of the university, and with them, she founded a platform of discount cards for business. The idea was not successful, and then they tried with PushCV, a website that helps job applicants to write their CV, a project that also failed. In 2016, they founded the company that would lead them to success: Piggybank.ng.
The idea of Piggybank came to Odunayo Eweniyi after meeting a lady who saved what she had for a year every day, and when she opened her piggy bank, she discovered that she had only saved $ 97.
Piggybank.ng started operations in April 2016 with the recommendations of PushCV users and began to grow thanks to word of mouth. Eweniyi focused the platform on millennials who wish to save periodically with one goal in mind. Savers can deposit from one dollar per day and set a date to withdraw the money.
In just six months after its launch, Piggybank helped save its users $ 58K. After more than three years, this sum amounts to $ 58 million.
Piggybank recently acquired a stake in Nigeria’s Gold Microfinance Bank, which will allow it to expand its services. Eweniyi also intends to launch a group savings feature on the platform. She was part of the 2017 World Women in FinTech Power list and the Naija Most Influential People in Technology list in 2017 and 2018. In 2019 she was named as one of the New Wealth Creators of Africa by Forbes.
