What the papers say – March 3

Several Sunday papers feature a 17-year-old girl stabbed to death in an apparently random attack on their front pages.

The Mail on Sunday leads with the killing of Jodie Chesney, who was stabbed to death as she sat on a park bench with her boyfriend in east London.

The Sunday Express says she was stabbed in the back and died despite the desperate attempts of members of the public to save her.

The Sunday Times pictures Jodie alongside its lead story on Brexit which says a compromise between hardline Tories and the PM may be near.

The teenager is also on the front of the Sunday Telegraph, which says gagging orders that prevent people talking to the police will be banned.

The Observer says emails show senior Labour members opposed recommendations to suspend several party activists accused of anti-Semitism.

The Sunday Mirror carries a plea by the son of Salisbury nerve agent victim Dawn Sturgess for Russian president Vladimir Putin to hand over the men responsible for her death.

And the Sunday People reports on gangs delivering drugs while disguised as delivery drivers.

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Nigerian fintech startup Piggybank rebrands as platform evolves

Nigerian online savings and investment platform Piggybank has rebranded to PiggyVest as it takes on a much broader form, and plans expansion across Africa.

Launched in 2016, Piggybank is an online savings and investment platform targeted primarily at low and middle income Nigerians, allowing them deposit and put aside small amounts on a daily, weekly or monthly basis.

The startup, which secured funding last year, has over 195,000 registered users, who have saved in excess of US$15 million since 2016, but has now become PiggyVest, a much broader financial management platform, with the change effective from this week.

“We are building the future of savings and investments starting in Nigeria. So, we need a name that reflects that,” co-founder and chief executive officer (CEO) Somto Ifezue said.

The startup’s new identity is more than just a name change.

“We believe that it captures the essence of our direction as a business and our focus on the needs of our customers. Our new name is symbolic of this direction and it provides a glimpse into the exciting things the future has in store for us and our customers,” co-founder and chief operating officer (COO) Odunayo Eweniyi said.

As part of its expansion plans, PiggyVest will be developing more financial features to make the platform more robust and reach more users across the continent, and eventually the world. This enhanced platform will offer even more services – including insurance and group investment.

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Piggybank.ng Becomes PiggyVest, Announces Expansion Plan

Online savings and investment platform, Piggybank.ng, has announced its change of name from Piggybank.ng to PiggyVest — a much broader and holistic financial management platform.

In May 2018, the company closed $1.1 million in seed funding for license acquisition and product development.

In a press release issued today, Co-founder and CEO of the company, Somto Ifezue, said the decision to change the brand’s name was part of its plan “to building the future of savings and investments starting in Nigeria”.

This evolution represents PiggyVest’s determination to ensure that their services continuously evolve with the needs of their customers. They are confident that it will allow them to incorporate a dynamic range of new products into their offerings; to enhance the access their customers have to a variety of financial service solutions; and to ultimately deepen the value they provide to their customers.

Speaking on this announcement, Co-Founder and Chief Operating Officer, Odunayo Eweniyi, said: “Our new identity is more than just a name change. we believe that it captures the essence of our direction as a business and our focus on the needs of our customers. our new name is symbolic of this direction and it provides a glimpse into the exciting things the future has in store for us and our customers.”

Over the years, Piggybank.ng has grown its community to over 195,000 registered individuals who currently save over N1 Billion monthly, and as stated by Joshua Chibueze, Co-founder and Chief Marketing Officer, the company is “committed to providing the best for our customers when it comes to financial management, and piggyvest is a truly comprehensive solution that will surely deliver on these promises to a broad range of users.”

As part of its expansion plans, PiggyVest will be developing and including more financial features to make the platform more robust and primed to reach more users across the continent, and eventually, the world.

This enhanced platform will offer even more services — including insurance and group investment options — which will be accessible to anyone, regardless of their background, all while maintaining the simplicity and convenience that has been its trademark.

Founded in 2016, Piggybank.ng is the largest online savings & investment platform in Nigeria, targeted primarily at low- and middle-income Nigerians, allowing them to deposit and put aside small amounts on a daily, weekly or monthly basis. The company currently has over 195,000 registered users — 60 per cent of whom are Nigerian Millennials — who have saved in excess of $15M since 2016. Their products have helped their users maintain their savings discipline while building a savings culture.

Piggy Bank restaurant in Uptown will focus on value, vegan offerings

The Uptown Minneapolis building that in the past few years has housed an Old Chicago, Boneyard, The Lotus and Salsa a la Salsa has taken on yet another identity.

Kaskaid Hospitality, which owns Crave and Union restaurants, has reinvented the space as Piggy Bank, which will feature “an atmosphere that matches the neighborhood’s unique culture,” according to a news release. The “demeanor will be approachable for a diverse customer base,” the release continues.

There will apparently be a walk-up ordering station, traditional seating and some lounge areas “equipped with board games, big screen televisions and outdoor seating for the summer season.”

“While we were concepting this new business, it was imperative for us to hear and act upon what consumers wanted,” Kam Talebi, CEO of Kaskaid Hospitality said in the release. “More often than not, restaurants are extremely siloed in what they offer. We wanted to create a place where there was something for everyone at a very affordable price point dangerously close to fast-casual pricing. Whether it be delicious food, great value, vegan selections or a weekend destination for drinks, Piggy Bank will have it all.”

The menu includes typical bar foods such as burgers, nachos and wings, most of which are priced at or around $10. Also, catering to the Uptown clientele, a large section of the menu is devoted to vegan offerings such as a jackfruit sandwich, veggie burgers, flatbreads and salads.

The restaurant will open to the public Friday.

Piggy Bank: 2841 Hennepin Ave., Minneapolis; facebook.com/piggybankuptown

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Hungry Piggy Bank Has 25 Coin Slots

When it comes to piggy banks, they come in all shapes and sizes. However, there’s one thing pretty much all of them have in common – a single slot for coins. Why is this? Well, the guys at 25TOGO think it’s time for a new kind of piggy bank; one with more than two dozen coin slots.

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The appropriately-named “Hungry” piggy bank has 25 individual slots where you can place coins. Unless you have multiple people trying to insert coins at the same time, I’m not sure what the purpose is here. Maybe it’s good for people with bad aim too. It also looks cooler than other piggy banks. I dig piggy’s flat oval snout and his stubby little ears too, though he does sort of look like a stabbing victim too.

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Unfortunately, I haven’t been able to find a retailer who sells the Hungry piggy bank yet, but if you’re interested in buying them wholesale for your shop, you can find out more on the 25TOGO website.

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