C-One Ventures Platform (C-One) says it has agreed to invest in and acquire licences, technology, and selected assets from the Nigerian operations of Bankly.
Bankly, a microfinance bank and fintech leader, is renowned for bridging financial access gaps across Nigeria’s informal economy, providing critical services to underserved communities.
This is contained in a statement issued on Monday in Lagos by the Corporate Communications units of both financial institutions.
Bankly’s Co-founder, Tomilola Majekodunmi, will serve in an advisory capacity to support continuity and future success.
Speaking on the development, Majekodunmi expressed satisfaction with the impact Bankly had made over the years.
“Bankly was built to serve those excluded from the formal financial system.
“With C-One’s backing, we can address recent challenges and expand our reach to even more communities,” she said.
C-One is a venture studio focused on building, acquiring, and scaling technology-enabled businesses that meet Africa’s most critical needs.
Its portfolio spans education, healthcare, commerce, and financial services, combining operational excellence and strategic investment to promote inclusive economic growth.
Majekodunmi said the deal, subject to regulatory approvals including from the Central Bank of Nigeria, demonstrates C-One’s commitment to stability and customer protection.
Once completed, Bankly’s services and talent will integrate with complementary offerings from other companies within the C-One Ventures portfolio.
A C-One representative was quoted as saying, “We believe financial services should be simple, affordable, and accessible to everyone.
“Bringing Bankly into our ecosystem enables a powerful combination of community networks and digital infrastructure to expand financial access and drive economic participation.”
The representative stated that C-One’s investment, once finalised, would prioritise resolving customer obligations, stabilising operations, and strategically integrating Bankly’s technology.
The transaction structure involves a modest cash consideration, with a strong focus on sustainable growth and protecting customers’ interests.
“Restoring customer confidence and ensuring operational resilience are our immediate priorities.
“We are committed to scaling Bankly’s vision and delivering lasting value to our community,” the representative emphasised.
Founded in 2018, Bankly has played a key role in advancing financial inclusion through innovative savings, payments, and credit solutions across Nigeria.
However, in recent times, the company faced liquidity constraints and operational challenges, including delayed customer withdrawals and reduced service availability.
As part of the acquisition, C-One will build on Bankly’s achievements, ensuring continuity while investing for long-term growth.
