Mystash

myStash (operated by MyStash Technologies Limited) is a Nigerian personal finance management platform. Its app lets users set automatic savings in USD or NGN drawn from income or daily spending, make payments and transfers, budget and track spending, access investment options, and apply for loans. The company positions its offering around five product lines: payments, savings, budgeting, loans and investments, and distributes the app through Google Play and the Apple App Store.

In its MIT Solve application, the company described myStash as a digital tool that extends social security coverage to Nigeria's informal sector, allowing informal economy workers — who are largely outside the National Pension scheme — to auto-save a percentage of what they earn, earn interest on those savings, and use their saving behaviour as the basis for credit scoring and easier loan access. The same submission describes the product as a holistic personal and business finance app including a budget, spending tracker and business payment tool, and cited a web app with slightly over 3,000 users at the time. A partner profile describes the model as "save as you earn" powered by automation and artificial intelligence, with the stated vision of helping young adults monitor, manage and generate wealth autonomously.

A newer product line offers loans of ₦30,000 to ₦1,000,000 at 6% monthly interest, targeted specifically at Federal, State and Local Government employees whose salaries are processed through Nigeria's IPPIS payroll platform. The website states that myStash is duly registered and regulated in Nigeria.

Founding story

The founding idea came from the team lead's prior work at a company that financed commercial motorbike assets on credit for thousands of drivers, repaid in small daily instalments. During the COVID-19 lockdowns many of those drivers had no savings to fall back on, which surfaced the concept of "saving in trickles" — proactive, unnoticeable micro-savings that could cushion emergencies. All myStash founders are described as having direct experience with informal economy workers. Co-founder Onyinye Stephanie Oguego studied Management Information Systems at Ashesi University in Ghana and worked at the International Labour Organisation, ECOWAS and several fintech startups before meeting three future co-founders at the Nigerian University of Technology and Management; she entered technology through strategy and consulting rather than engineering.

Business model

myStash operates a consumer-facing financial app combining automated savings, payments, budgeting, investment products and credit. Savings behaviour is used to credit-score users, which in turn supports lending; the loan product for IPPIS-paid government employees is priced at 6% per month on amounts between ₦30,000 and ₦1,000,000. The company also references investment partnerships and delivery of products through financial partnerships.

Sources identify interest charged on loans (6% per month on the salary-earner product) as a stated pricing element. In its MIT Solve submission the company projected over $100 million in revenue within five years, tied to reaching $5 billion in savings on the platform.

Traction

As of its MIT Solve submission (last updated May 2023), myStash reported slightly over 3,000 users on its web app and stated it had helped over 3,000 informal workers save more than $500,000, which it estimated to be at least 20% more than they would otherwise have saved. Stated goals were 50,000 users by 2024, over 300,000 users in Nigeria thereafter, and over 3 million users across sub-Saharan Africa within five years. A partner profile cites an average growth rate of 80% month on month.

Latest developments

The website lists recently added products: an investment offering framed around investment partnerships, and loans of ₦30,000–₦1,000,000 at 6% monthly interest for Federal, State and Local Government employees paid through the IPPIS platform. A March 2026 interview with co-founder Onyinye Stephanie Oguego discussed her route into fintech and access to capital for African women founders, referring to the company as myStash Technologies.