This financial app offers a range of services including bank transfers, bill payments, and personal savings vaults with high annual returns. It also provides business banking solutions for merchants, enabling easy payment reception, invoice generation, and real-time bank statements. Additionally, users can invest in brands through a crowdfunding platform.
3.0.2
September 18, 2026
- General performance improvements and bug fixes to improve overall app stability.
PennyTree is a neo-bank that provides financial services such as bank transfers, bill payments, personal savings vaults, business banking, and a crowdfunding platform. It aims to offer these services in a convenient manner for its users.
While the description does not detail specific security measures, financial apps typically employ industry-standard encryption and security protocols to protect user data and transactions. Users should always practice good security habits like using strong passwords.
PennyTree offers personal vaults for savings where users can potentially earn up to 27% per annum. This feature is designed to help users grow their savings with competitive returns.
Yes, PennyTree provides Merchant Services for businesses. This includes opening a business banking account, receiving payments, generating invoices and receipts, and downloading stamped bank statements in real-time.
The Crowdfunding Platform allows users to invest in brands starting from NGN5,000 and earn a competitive return on investment. It provides an avenue for users to participate in business growth.
PennyTree is available on iPhone and iPod devices. The app was last updated on 2026-07-05 to version 2.9.9.
PennyTree has a user rating of 3.7 stars based on 9 ratings. This indicates a generally positive but mixed reception from its user base.
No, PennyTree does not contain advertisements. The app is free to download and use without any ad interruptions.
