KoloPay
A Nigerian web and Android savings app that helps individuals save incrementally toward goals using autosave, flexible deposits, and optional goal sharing.
KoloPay Product Overview
Is KoloPay Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian individual savers
- Saving toward goals
What It Does Well
- Goal-based saving
- Automated deposits
Things to Check
- Bank link requirements
- Deposit schedule options
About KoloPay
KoloPay is a mobile and web savings application for Nigerian consumers who want to save money little by little toward specific goals such as rent, school fees, or a car.
Key capabilities include:
- Savings goals: Create multiple goals with a custom name, target amount, and a planned withdrawal date.
- Autosave: Automatically save a fixed amount on a daily, weekly, or monthly schedule.
- Easysave: Make flexible, one-off deposits at any time, including small amounts (starting from ₦1).
- Koloshare: Share a goal link so family and friends can contribute (links expire in 24 hours).
Users can link a debit card to a savings goal, and the platform states it applies up to 5% annual interest when goals are locked.
Available on Web and Android.
Built for individual users in Nigeria (18+; 21+ in certain states) who bank with licensed Nigerian banks and want a cashless “kolo” or piggy bank for structured saving.
KoloPay is notable in Nigeria’s personal finance market for combining goal-based saving, scheduled autosave, and optional group contributions in a free-to-use local setup (no monthly fees with local cards; fees may apply for international cards).
KoloPay Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Oct 5, 2026, KoloPay is rated 3.4 on Google Play from 149 reviews with 10K+ installs.
Recent Reviews for KoloPay
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KoloPay Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataKoloPay has raised $30K across 1 recorded funding event. The latest was Seed in Nov 2018.
- Total Raised:
- $30K
- Latest Round:
- Seed
KoloPay Investors & Funding Rounds
Latest KoloPay News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataFrequently Asked Questions About KoloPay
KoloPay is a fintech platform that helps users save money towards specific goals like rent, school fees, or purchases. You sign up with your phone number, create savings targets, add card or bank details, and choose EasySave for flexible deposits or AutoSave for scheduled daily, weekly, or monthly savings; it offers up to 10% interest, crowdfunding via shared links, and an e-commerce store for discounted redemptions.
KoloPay operates in Nigeria.
Visit kolopay.com, click 'Get Started For Free', and sign up using your phone number. Then create savings targets and enter your card or bank details to begin.
Yes, KoloPay is available on Android. Get KoloPay on Google Play for Android.
KoloPay is best suited for individuals saving for personal goals like rent, school fees, cars, or general expenses.
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