...to Restore Stability and Accelerate Growth
C-One Ventures Platform (“C-One”) today announced it has signed an agreement to invest in and acquire the licences, technology, and select assets of Bankly, a licensed microfinance bank and fintech company recognized for advancing financial inclusion across Nigeria’s informal economy.
The transaction, subject to regulatory approvals including from the Central Bank of Nigeria (CBN), underscores C-One’s commitment to stabilizing operations, protecting customers, and building a more resilient and inclusive financial services platform. Once concluded, Bankly’s offerings and talent will be integrated into C-One’s broader ecosystem of ventures.
“We believe financial services should be simple, affordable, and accessible to everyone,” said a representative of C-One. “Bringing Bankly into our ecosystem enables us to combine grassroots community networks with advanced digital infrastructure to broaden financial access for underserved populations and foster meaningful economic participation.”
C-One’s investment will immediately focus on resolving customer obligations, restoring service reliability, and embedding Bankly’s technology into its growing financial services infrastructure. The transaction, which involves a modest cash consideration, is strategically structured to support long-term, sustainable growth while safeguarding customer interests.
“Restoring customer confidence and ensuring operational resilience are our top priorities. We are committed to scaling Bankly’s vision while delivering lasting value to our users and communities,” the spokesperson added.
Founded in 2018, Bankly has been a vital player in Nigeria’s financial inclusion drive, offering digital savings, payments, and credit products tailored for the informal sector. Despite its strong impact, Bankly has recently faced significant liquidity challenges and service disruptions, including delays in customer withdrawals.
As part of the acquisition plan, C-One will build on Bankly’s foundation, ensuring operational continuity and future growth. Bankly Co-founder Tomilola Majekodunmi will remain involved in an advisory role to support the transition and ensure long-term success.
“We are immensely proud of the impact we’ve had over the years,” said Majekodunmi. “Bankly was created to serve the financially excluded. With C-One’s support, we have a renewed opportunity to address recent challenges and expand our reach to even more underserved communities.”
This move strengthens C-One’s footprint in grassroots financial services and aligns with its mission to deliver scalable, resilient solutions that drive real impact in real communities.
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