PiggyVest co-founders selected as Endeavor Entrepreneurs

Endeavor has selected PiggyVest co-founders; Joshua Chibueze, Somto Ifezue and Odunayo Eweniyi to join its global network of high-impact entrepreneurs.

PiggyVest co-founders selected as Endeavor Entrepreneurs
PiggyVest's Joshua Chibueze, Somto Ifezue and Odunayo Eweniyi

Endeavor has 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 US, have created more than 3.9 million jobs, and, in 2020, raised over $4 billion US 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." Tosin Faniro-Dada, the Managing Director and CEO of Endeavor in Nigeria stated in a press statement seen by Benjamindada.com.

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.

Related Article: Joshua Chibueze on how PiggyVest was built from a tweet

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.

Nigerian tech founders that are Endeavor Entrepreneurs

PiggyVest is the 16th company selected into the global Endeavor network through the regional affiliated office in Nigeria. All three entrepreneurs represent the growing expectation for exceptional entrepreneurs with big ambitions and the ability to execute at scale.

Others include:

  • Gbenga Agboola and Ife Orioke (Flutterwave)
  • Ngozi Dozie and Chijioke Dozie (Carbon)
  • Etop Ikpe (Autochek)
  • Abasi Ene-Obong (54gene)
  • Tayo Oviosu and Jay Alabraba (Paga)
  • Ekechi Nwokah (Migo)
  • Jasper Graf von Hardenberg & Christian Wessels (Daystar Power)
  • Bukky George (HealthPlus)
  • Obi Ozor and Ife Oyedele (Kobo360)
  • Kene Okwuosa and Moses Babatope (FilmHouse Group)
  • Onyekachi Izukanne, Michael Ukpong and Ruke Awaritefe (TradeDepot)
  • Tosin Eniolorunda and Felix Ike (TeamApt)
  • Adegoke Olubusi, Tito Ovia, and Dimeji Sofowora (Helium Health)
  • Adetayo Bamiduro, Chinedu Azodoh, Guy-Bertrand Njoya (Metro Africa Xpress)
  • Michael Moreland, Justin Lorenzon, and Peter Bunor (Field Intelligence).