OB Crush: Odunayo Eweniyi, The Co-Founder And COO Of PiggyVest

Odun Eweniyi OnoBello

Our OB Crush of this week is Odunayo Eweniyi, an award-winning serial tech entrepreneur who has been recognized as one of the forces to be reckoned with in Nigeria’s (fin)tech space.

Straight after bagging a first-class degree in Computer Engineering from Covenant University, Odunayo and six of her friends – Somto Ifezue, Joshua Chibueze, Ayo Akinola, Ibukun Akinola, Terry Kanu, Nonso Chinagorom, set up Push CV, an ob site with a really large database of pre-screened candidates.

Somto, Joshua, and Odunayo then went on to set up PiggyBank.ng (now PiggyVest), in 2016 after one of Odunayo’s co-founders was motivated to digitise the concept of “kolo” (piggybank).

They eventually reached out to their Push CV users about how else they can help them, and savings was the top choice. By this time, Push CV was already profitable and this new idea might be the next big thing.

Indeed it was! They launched that same year and the reception was impressive.

By the end of that year, users had saved N26m, and when the following year (2017) was ending, users had saved close to N1bn. Piggybank.ng moved from a savings platform, to an investment platform, promising over 13% ROI to users.

According to the company’s website, PiggyVest “helps you stop excessive spending by allowing you save and invest money you would normally be tempted to spend.”

In 2018, PiggyVest (then Piggybank.ng) raised $1.1m in funding from almost exclusively Nigerian investors. Before Push CV and PiggyBank, Odunayo worked on content and social media management at various tech platforms, including some of the big names – TechCabal and Techpoint, learning all she could about running a business, more importantly, a tech business.

PiggyVest now has over 200,000 users and continues to make N1bn in just a month alone. Odunayo made the World Women in Fintech Power List for 2017 and is a 2018 Westerwelle Young Entrepreneurs fellow. She’s also been named on YNaija’s Powerlist for Technology (2017 & 2018). She also wone The Future Awards Africa Nigeria Prize for Technology in 2018.

In 2019, she was one of 50 women in Tech Cabal’s Tech Women Lagos portrait series. She was also named in Forbes Africa‘s “20 New Wealth Creators” on the African continent list. We celebrate Odunayo for her hard-work and for putting her ideas to work, delivering value to Nigerians, especially millennials like her.

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