FAQ

FAQ

Frequently Asked Questions

Purplevest is a neo cooperative platform that allows you to automate your savings and also achieve your financial goals.

Download the mypurplevest app from the Google play store or Apple store and fill in the required KYC information. Once you’re registered, you are set to start making thrift savings and target savings.

Your interest is being paid to your registered beneficiary account with us at every due date.

There is no arrangement to liquidate savings before the maturity date.

A target savings certificate is being issued and sent to the user’s email.

There are no hidden charges.

You can join a community through the private link generated by the community coordinator.

The service charge includes security deposit, fees being paid to our third party agents, KYC and identity verification. It is capped at N25,000

Any individual who is above the age of 18 years, salary earners, business owners, vendors, corporate organizations, associations, schools etc.

Anyone above 18 years of age. Students, Business owners, POS Vendors, employed individuals in need of passive income.

With the mypuplevest platform, you are guaranteed of receiving your due contributions as at when due without the fear of late payments and default from other users. All funds are NDIC insured through our third party service providers.