₦airaland Forum

adecares:
I think according to the details above; it’s different from what opay does.
I’ll give the website a try before downloading

bjcole:
go school you say no. what's cbn's business with a mobile app

SamuraiXXX:
On the contrary you are the one who is ignorant!

Any corporate body or app in Nigeria that seeks to mobilize funds from the general public must have CBN approval.

bjcole:
and how many are licenced by CBN. So it's CBN that would help you to tracked save funds, even the licenced bank, can CBN guarantee safe banking or safe funds?

jaybee3:
Let's be honest with ourselves for a moment.
We all love ajo. Esusu. Susu. Adashe. Whatever your side of the country calls it, that monthly contribution has built more shops, paid more school fees, and bought more plots of land than most bank loans ever will.
But you know wetin we no dey talk about? The wahala.

The coordinator who keeps the records "for safe keeping" inside one exercise book that only she can read. The member who swears on everything that he paid last month (he did not). The endless WhatsApp group of "Please who has paid? Send proof." And the small voice in the back of your mind every single cycle: "I hope this money no go enter voicemail."
Trust is beautiful. But trust plus proper record-keeping? That one is unbeatable. That's why I built ThriftVault.

ThriftVault is a mobile app that handles the boring-but-important part of running a thrift group, so the contributions, the confirmations, the payout order, and the "who has paid and who is forming James Bond" all live in one clean place that everybody can see. No more arguments. No more mystery exercise book. No more chasing people one by one.
To be clear, ThriftVault does not hold your money. It is your group's record keeper, referee, and memory, all in one. Your money moves the way your group already trusts. ThriftVault just makes sure nobody can rewrite history.

A few things it does:

✅ Tracks every contribution and confirms payments
✅ Manages who joins, who pays, and whose turn it is to collect
✅ Keeps the whole group on the same page, in real time
✅ Sends reminders so "I forgot" stops being a valid excuse

I'd rather show you than tell you. Watch this:

#ThriftVault pic.twitter.com/2AJZnpEksn

— Jay Bee (@AjibolaJay) June 13, 2026

If your group has ever had "that one cycle" that nearly ended friendships, this is for you.
Download it and take it for a spin:

Android (Play Store): https://play.google.com/store/apps/details?id=app.thriftvault.mobile

iPhone (App Store): https://apps.apple.com/app/id6769897907

Website: https://thriftvault.app

Try it with your group and tell me what you think. I built this to solve a real Naija problem, so I genuinely want your honest feedback, the good, the bad, and the "Oga why this button dey here." Drop your thoughts below.

*Answers to some of the questions thus far:*

*Does ThriftVault hold my money?*

No. This is the most important thing to understand. ThriftVault does not collect, hold, or move your contributions. Your money moves exactly the way your group already does it, directly between members and the coordinator. ThriftVault is the record keeper: it tracks who paid, confirms payments, and shows whose turn it is to collect. Think of it as the exercise book and the referee, not the bank.

*So is it CBN approved? Are you holding funds?*

Because we don't hold or move funds, ThriftVault is not a deposit-taking or money-transfer service. It's a coordination and record-keeping tool. There's no pot of your money sitting with us for anyone to run away with, the money never touches us in the first place.

*What's the interest rate?*

There isn't one, and that's by design. ThriftVault is not a savings platform like Piggyvest or Cowrywise where you deposit money to earn interest. It's a different thing entirely: it's for groups already running ajo/esusu/susu who want to do it without the record-keeping wahala. If you want interest on idle savings, those apps are great at that. If you're running a thrift group and tired of arguments over who paid, that's what ThriftVault is for. Different problems.

*"It's almost the same as normal ajo, what if the record keeper absconds?"*

Fair question, and here's the key difference: in normal ajo, one person holds the exercise book and only they know the true record, that's exactly the risk. With ThriftVault, every member sees the same records in real time on their own phone. No single person can quietly rewrite history or hide a payment. It doesn't replace trust; it makes the trust verifiable, so the records aren't controlled by one person anymore.


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internetpo:
Great app. This is all I need for my book launch group. I
have some feedbacks though.

There's no link on the website for downloading the app. Had to go to play store to download..

Can you make it free for us to test run for a month or week before payment.
Finally can one change contribution period (eg from a week to monthly payment) or add new members within a single group cycle?

internetpo:
There's no link on the website for downloading the app. Had to go to play store to download..

internetpo:
Can you make it free for us to test run for a month or week before payment.

internetpo:
Finally can one change contribution period (eg from a week to monthly payment) or add new members within a single group cycle?

jaybee3:
Thanks for the feedback. I'm glad you find the app useful.


Thanks for pointing that out. We'll incorporate this improvement and add direct download links to the website.


Please send us an email at support@thriftvault.app, and we'll be happy to discuss a trial arrangement.



The payout frequency can currently be set to Daily, Weekly, Biweekly (every two weeks), or Monthly, so you already have those options available when creating a group.

You can add as many members as you like before the group is created. However, once the group has started, new members cannot be added to that cycle.

jaybee3:
Thanks for the feedback. I'm glad you find the app useful.


Thanks for pointing that out. We'll incorporate this improvement and add direct download links to the website.


Please send us an email at support@thriftvault.app, and we'll be happy to discuss a trial arrangement.



The payout frequency can currently be set to Daily, Weekly, Biweekly (every two weeks), or Monthly, so you already have those options available when creating a group.

You can add as many members as you like before the group is created. However, once the group has started, new members cannot be added to that cycle.

internetpo:
Thanks for your quick response..message sent.

In response to the payout frequency. What I meant is if the payout is weekly. Can it be changed to biweekly or monthly within the same payout circle. If the members agree