C-One Ventures Boosts Grassroots Finance by Acquiring Bankly

C-One Ventures Platform has declared its consent to purchase Bankly Microfinance Bank, a leading tech firm focused on enhancing financial inclusion within Nigeria’s informal economic sector.

Pending regulatory clearance from the Central Bank of Nigeria, this acquisition underscores C-One's dedication to ensuring operational stability, safeguarding customers, and promoting expansion within microfinance sectors.

Launched in 2018, Bankly has been instrumental in promoting financial access via cutting-edge savings, payment, and credit services.

Nevertheless, recent liquidity issues and operational interruptions have affected its services. C-One intends to incorporate Bankly’s technology and offerings into its comprehensive financial framework, guaranteeing seamless continuation while tackling these difficulties.

This purchase will focus on addressing customer commitments, ensuring operational stability, and expanding Bankly’s strategy.

Tomilola Majekodunmi, one of Bankly's co-founders, will take on an advisory role to guarantee a seamless handover and continued effectiveness.

C-One’s spokesperson highlighted the significance of integrating community networks with digital infrastructure as a means to broaden financial inclusion for underprivileged populations.

This action supports C-One’s overarching objective of developing robust solutions aimed at enhancing economic engagement and strengthening actual communities.