C-One Ventures has fully acquired Bankly, a Nigerian fintech startup and licensed microfinance bank. The company will be merged into C-One’s broader fintech ecosystem.
Why it matters
The deal underscores C-One Ventures’ growing ambition to build an interconnected suite of financial tools aimed at small businesses and underserved individuals across Nigeria.
Catch up quick:
- Bankly launched in 2018 to digitize informal savings methods like ajo and esusu.
- It grew a network of 50,000+ agents and served over 2 million customers.
- Services include digital savings, payments, and access to credit.
The big picture
Bankly joins a C-One portfolio that already includes:
- Fulcrum – a supply chain finance platform.
- GetPayed – a business banking and payments app.
- gomoney – a modern digital bank.
Between the lines
By acquiring Bankly, C-One gains not just tech and licenses, but deep reach into Nigeria’s informal economy—key to expanding financial access.
What they’re saying:
“I’m confident that this acquisition will keep the Bankly vision alive and further advance our mission of empowering more Nigerians through inclusive financial solutions,” — Tomilola Majekodunmi, co-founder & outgoing CEO of Bankly.
What’s next
Bankly will undergo restructuring as it integrates into the C-One ecosystem. Majekodunmi will support the transition in an advisory role.
