Today, C-One Ventures Platform (C-One) announced that it has signed a deal to invest in and purchase the technology, licenses, and a few assets of Bankly’s Nigerian operations. Bankly is a fintech leader and licensed microfinance bank that is renowned for closing gaps in financial access throughout Nigeria’s informal economy. The agreement, which is pending regulatory clearances, including from the Central Bank of Nigeria, demonstrates C-One’s dedication to maintaining stability, safeguarding clients, and creating a more robust financial services infrastructure.
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When it is finished, Bankly’s expertise and services will be combined with supplementary products from other businesses in the C-One Ventures portfolio. A C-One official stated, “We think financial services should be easy, inexpensive, and available to everyone.” By integrating Bankly into our ecosystem, we can increase underprivileged groups’ access to financing and promote genuine economic participation by combining community networks with our robust digital infrastructure.
When C-One’s investment is concluded, its top priorities will be the prompt settlement of client debt, operational stability, and the strategic integration of Bankly’s technology into its larger financial services network. A small payment consideration is part of the transaction structure, which guarantees that client protection and sustainable growth are prioritised. “Our top goals right now are restoring consumer trust and guaranteeing operational resilience.
The representative continued, “We are dedicated to realising Bankly’s vision while providing our community with long-term value.” Since its founding in 2018, Bankly has played a significant role in promoting financial inclusion by providing Nigerians with cutting-edge credit, savings, and payment options. It has, however, recently experienced severe operational disruptions and liquidity limitations, such as a reduction in service availability and delays in customer withdrawals.
C-One will expand upon Bankly’s foundation as part of the transaction, guaranteeing continuity while making investments in long-term expansion. To ensure continuity and long-term success, Tomilola Majekodunmi, a co-founder of Bankly, will act in an advising role. Majekodunmi commented on the outcome, saying, “We are incredibly proud of the impact we have made over the years. With C-One’s support, we have the chance to build on Bankly’s basis, solve current issues, and reach even more communities.
Bankly was founded to help those excluded from the official banking system. C-One is increasing its reach in grassroots financial services, scaling effect, and creating durable solutions for real people in real communities by integrating Bankly into its platform.
Concerning the C-One Ventures Platform C-One is a venture capital firm that focusses on creating, purchasing, and growing technology-enabled companies that meet the most pressing needs of Africa. Its portfolio, which includes financial services, healthcare, education, and commerce, combines strategic investment with operational excellence to support equitable economic growth.
