What is KoloPay and how does it work?

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.

What countries does KoloPay operate in?

KoloPay operates exclusively in Nigeria. The fintech company is headquartered in Ikeja, Lagos, and is fully licensed by the Central Bank of Nigeria (CBN).

How do I sign up for KoloPay ?

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.

Does KoloPay have a mobile app?

Yes, KoloPay is available on Android. Get KoloPay on Google Play for Android.

Who is KoloPay best suited for?

KoloPay is best suited for individuals saving for personal goals like rent, school fees, cars, or general expenses.

How do I contact KoloPay support?

Contact KoloPay at +2349018063503 or +2347085544250, or send an email to info@kolopay.com.

KoloPay

🇳🇬 Nigeria

A Nigerian web and Android savings app that helps individuals save incrementally toward goals using autosave, flexible deposits, and optional goal sharing.

Use it on:Web Android· 3.4

Is KoloPay right for you?

Best for

Nigerian individual savers
Saving toward goals
Small daily deposits
Android phone users
People who like autosave

What it does well

Goal-based saving
Automated deposits
Flexible top-ups
Incremental saving amounts
Optional goal sharing

Things to check

Bank link requirements
Deposit schedule options
Withdrawal rules
Goal sharing privacy
Android vs web features

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).

As of Jun 29, 2026, KoloPay is rated 3.4 on Google Play from 149 reviews with 10K+ installs.

Phone:+234 901 806 3503

Social Links:

Categories:

Fintech

Features & Business Model:

b2c savings