Today, many young Nigerians live from paycheck to paycheck. And do not have enough savings to cushion an unexpected financial emergency. With the growing inflation rate in the economy, managing your finances has become even trickier than ever. 


You are probably juggling multiple responsibilities at the same time - getting a degree, succeeding in your career, making money, and being a young Nigerian in Nigeria. Therefore, keeping track of your cash flow, budgeting, saving, investing, and setting up a financial plan will sound intimidating. 

But not to worry, you are not alone. 


Financial literacy is a problem for young adults across the globe.  According to a 2018 study, only 22% of 18 to 24-year-olds are financially savvy. But if you’re reading this article, it means you’re willing to develop your financial literacy and find better ways to manage your money. 


And that’s awesome! 


The key to happy and healthy finances lies in managing them effectively. Thankfully, there are plenty of resources for people who want to stay on top of their financial game. Below are some personal finance apps to help you get started as a young Nigerian.


What is a Personal Finance App?

A personal finance app is a software or application that you can download on your mobile phone or tablet to help you manage your finances easily. Personal finance apps have a bunch of features that make it easy to track your expenses, make budgets, set up savings goals/plans and manage your cash inflow on the go.


Money management is essential for any adult, regardless of occupation or income level. The sooner you understand that the better off you will be. It includes monitoring your spending habits, analyzing your finances, keeping track of your assets, and planning for future expenses. 


On the other hand, managing your personal finances takes time, energy, and vigilance. It’s easy to get overwhelmed by all the many details involved in staying on top of your money. However, a personal finance app makes tracking your expenses hassle-free and even more fun. 


We’ve rounded up our 5 best picks for personal finance apps in 2022. Let’s take a look...


The 5 Best Personal Finance Apps For Nigerians 2022

Whether you’re a financially-savvy newbie or just trying to get back on track with your finances, these financial apps will give you everything you need to manage your money like a pro. They Include:

  • Kuda Bank
  • PiggyVest
  • Transfy
  • Cowrywise
  • Risevest


Kuda Bank

Kuda Bank is the first ever financial app and microfinance bank to solve the problem of transaction charges for Nigerians. Popularly known as the bank of the free, Kuda bank gives users the wings to stay on top of their financial game without worrying about unnecessary charges and deductions. By giving you access to 25 FREE transfers to any local bank account every month. 


Kuda bank also eliminates the hassle of unending queues, account opening delays, ATM maintenance fees (very important), and tracking your expenses. The mobile app provides an intuitive interface that allows you to view your recent expenses at a glance. 


For people who find it hard to save, the 'spend and save' feature allows you to save a certain part of your money each time you withdraw or transfer. You can also create flexible or fixed savings plans for any financial goal you want to achieve. With Kuda, you can pay bills, top up your airtime and data balance, and even for third parties. You can also make web payments without using your card. The app lets you top up your gift cards with a few clicks. 


Overall, the Kuda app lets you enjoy easy account opening, faster and more efficient transactions, and a robust and secure payment system. The app features extra levels of security like biometric login, one-time-password (OTP) login, and transaction pin, so your funds and details are always secure.


Plus, you can request a free debit card and have it delivered to your doorstep. And you can also change your card pin, block a stolen card, report a transaction, or chat with a customer service agent right from your Kuda app.


The Kuda app is a good place to start if you want to manage your finances better in 2022. 



Piggyvest is just like the traditional piggy bank, but virtual and with more sophisticated technology. 


Piggyvest is a Nigerian fintech startup that allows users to take charge of their savings and investments without hassles. Saving your monies in traditional banks earns you interest; however, Piggyvest makes it more seamless and rewarding. 


With Piggyvest, you can be rest assured to stay true to your savings plan. The platfrom has a strict withdrawal policy that ensures you don’t boycott your savings until it’s due. 


You can save for a variety of financial goals. Whether it is for your tuition, house rent, holiday shopping, vacation, or even Japa plans, Piggyvest got your back. The platform also provides alerts, reports, and reminders to keep you on your toes with your saving goals. 


And because savings alone doesn’t create wealth, Piggyvest also offers investment opportunities to help you grow your monies. With Piggyvest, you can invest in real estate, agriculture, company shares and assets, foreign exchange, etc., and at competitive rates.


If you are looking for a safe and secure savings and investment platform to help you crush your financial goals, Piggyvest is there to help. 



Sending money across Africa comes with the hassles of delayed transactions, high exchange rates, and long paperwork, to mention a few. 


Thankfully, fintech platforms like Transfy have set up a mission to make it more hassle-free for individuals and businesses. Transfy offers a personal finance app that allows you to send money to various countries in Africa and beyond. You can comfortably send money from Nigeria to Ghana, Kenya, Uganda, Cameroon, Senegal, Ivory Coast, South Africa and Rwanda. 


With Transfy, you can save on international transfers and enjoy more instant cross-border payments. The Transfy app provides a multicurrency wallet that makes sending, receiving, and switching different African currencies easier. You can seamlessly access local African currencies like KES, GHC, NGN, UGX, XOF, XAF, ZAR, RWF, etc.


On the part of security, Transfy prides on its powerful security system and bank-level encryption to ensure a safe and secure platform for its users. You can transact on the platform without fear or worry. They also offer multi-factor authentication to give you an extra level of security. 


Transfy facilitates instant deposits and withdrawals to all local banks and mobile money services in the countries they service. You can easily pay bills, book your flight, or pay for hotel accommodations across African countries without the hassle. Moreso, you can shop on your favourite eCommerce sites, pay tuition fees or send money to your family and friends across Africa, knowing that Transfy got your back. 


Are you tired of expensive cross-border transfers and delayed transactions? Transfy is your one-way ticket to seamless, low-cost transfers that you can always trust.



Cowrywise is a personal finance app that allows you to save and invest your money the easy way. 


Cowrywise helps make saving and investing seamless. Cowrywise takes away the stress and planning required to save and invest regularly, through its automated and easy-to-use platform.” 


The platform provides automated features to enrich you with investment opportunities to help you make the most of your money. Cowrywise offers different savings plans to suit your needs, plus you can earn up to 8.50% of your savings per annum. The platform also has a personalized savings plan for Muslims. You can use the automated Halal savings option to save without interests. 


For people who want to save with friends, family, or colleagues, the savings circle lets you save in groups towards a common goal. Cowrywise Stash also allows you to save and invest on the platform without your debit card. 


What’s more? Cowrywise offers a secure solution, financial tools, flexible plans, and dedicated customer support to give you a smooth savings experience.



Risevest is a fintech startup that offers foreign investment opportunities for Nigerians. The platform helps you discover and manage high-asset investments in dollar, stock options, real estate and company shares. 


Warren Buffet once said, “If you aren't thinking about owning a stock for ten years, don't even think about owning it for ten minutes.” 


Risevest took this literally by offering long-term investment plans for users. 


According to Rise, they are on a mission to level the wealth-creating ground for every Nigerian. In doing so, they offer high-yielding investment opportunities for investors of all levels. No matter your investment needs, Risevest has a perfect investment plan for you. 


As with all other financial apps on our list; Rise offers a 24/7 customer support to help you when you need assistance, highly-secure platform, competitive rates and instant deposits and withdrawals. You can also join the Investment Club on telegram to stay up-to-date with the latest news and updates in the investment industry.


If you are still not sure on what investments platform to choose as a young Nigerian, Rise should be a go-to option. 



Financial management might seem like a daunting task, but it's not as bad as it sounds. If anything, managing your finances is an exciting and rewarding challenge that will help your financial stability in future. 


The above listed personal finance apps are designed to help you manage your money better as a young Nigerian. With these apps, you can make more informed decisions with your finances; save more on local and international transfers, make wiser investments, streamline your expenses and keep track of your savings journey. 


And above all, they help you get more financially savvy and on top of your finances.