From Kolo to Code: Day 1–1000 of Regxta – How One Nigerian Daughter Digitised Her Mother’s Savings Culture
By Ndefo Onyekachukwu | November 21, 2025
Every Nigerian knows the wooden kolo box.
My mum had one under her bed for 30+ years. Every night after market, she’d drop ₦50, ₦100, ₦200 inside. No bank account. No interest. Just trust in wood and prayer. In 2022, I watched inflation eat that money alive. That was Day 1 of Regxta. I’m Ijeoma Okeke, founder of Regxta – the savings app that turned my mother’s kolo into a digital vault earning 18–25% interest, with zero fees and instant withdrawal. Today, on our 1,000th day, over 500,000 Nigerians (mostly women like my mum) have saved more than ₦47 billion through Regxta. This is the story of how one daughter’s frustration became Nigeria’s fastest-growing female-focused savings platform.
My mum had one under her bed for 30+ years. Every night after market, she’d drop ₦50, ₦100, ₦200 inside. No bank account. No interest. Just trust in wood and prayer. In 2022, I watched inflation eat that money alive. That was Day 1 of Regxta. I’m Ijeoma Okeke, founder of Regxta – the savings app that turned my mother’s kolo into a digital vault earning 18–25% interest, with zero fees and instant withdrawal. Today, on our 1,000th day, over 500,000 Nigerians (mostly women like my mum) have saved more than ₦47 billion through Regxta. This is the story of how one daughter’s frustration became Nigeria’s fastest-growing female-focused savings platform.
Day 1–30: The Problem That Broke Me
Mum’s kolo had ₦870,000 saved for my younger brother’s university fees.
2022 inflation was 21%. By the time he gained admission, that money could barely pay one semester. I asked her: “Mummy, why not a bank?”
She laughed. “Bank people will swallow it with charges. ”That conversation hurt.
I was a software engineer earning dollars remotely, yet my own mother was losing money to inflation because no app spoke her language – literally and culturally.
2022 inflation was 21%. By the time he gained admission, that money could barely pay one semester. I asked her: “Mummy, why not a bank?”
She laughed. “Bank people will swallow it with charges. ”That conversation hurt.
I was a software engineer earning dollars remotely, yet my own mother was losing money to inflation because no app spoke her language – literally and culturally.
Day 31–100: Building the “Kolo App” I started coding nights and weekends. Requirements from Mum’s mouth:
- No English plenty-plenty (Igbo & Pidgin first)
- Save ₦100 per day
- Lock it so nobody (including me) can touch
- Interest must beat inflation
- Withdraw to Mama’s OPay when emergency happens
First version launched to 50 aunties in Onitsha market.
In 7 days they saved ₦4.2 million.
They named it “Regxta” themselves – short for “Regina Extra” (my mum’s name is Regina).
Day 101–365: From 50 Aunties to 50,000
Users Word spread in markets, churches, and WhatsApp groups. We added:
- Daily auto-save from ₦100
- “Lock for Children School Fees” goal (most popular)
- 18–25% interest powered by treasury bills & ethical investments
- “Mama’s Emergency Button” – withdraw once per quarter without penalty
By day 365 we hit 50,000 users – 83% women, 60% first-time savers.
Day 366–700: The Year Inflation Fought Back
2023–2024, CBN rate hikes. Inflation touched 34%.We survived by:
- Paying upfront interest on locked savings
- Launching “Dollar Kolo” (save in USD from ₦5,000)
- Partnering with PalmPay & OPay for zero-fee transfers
Mum’s new digital kolo? ₦11.4 million and still growing.
Day 701–1000: Half a Million Moms & Daughters
Today, November 21, 2025 – exactly 1,000 days:
- 520,000+ users
- ₦47 billion+ saved
- ₦6.8 billion interest paid out
- 99.9% repayment rate (better than most banks)
Regxta is now the #1 savings app for Nigerian women who never trusted banks
Why Regxta Works Where Others Fail
- We speak market women language (Igbo, Yoruba, Pidgin UIs live)
- No “maintain ₦10k balance” nonsense
- Interest paid monthly, not “at maturity”
- Lock options named after real goals: “House Rent 2026”, “Christmas 2025”, “JAMB 2026”
The Future (Day 1001+)
- Launching “Regxta Junior” – kids’ savings with parent control
- Village agent network (like PalmPay) so grandmas without smartphones can save
- Full banking licence application filed with CBN
From one daughter trying to protect her mother’s kolo money, we’ve built a movement. If your mum still keeps cash under mattress or in wooden box, send her this article. Or better – send her Regxta. Because every kolo deserves to grow.
Ijeoma Okeke
Founder, Regxta
Founder, Regxta
(As told to Ndefo Onyekachukwu, FintechTodayNews.com)P.S. Download Regxta today and get ₦1,000 free savings boost when you lock your first ₦10,000 → [regxta.com/download]
Which part of this story hit you hardest? Comment below and tag someone who still uses physical kolo!
