C-One Ventures acquires Bankly to expand FinTech portfolio in Nigeria

By Gloria Methri

Nigerian FinTech company and licensed microfinance bank, Bankly, has been fully acquired by C-One Ventures, an investment company focused on technology and financing in Nigeria. As part of the transaction, Bankly’s operations, including its licenses, services, and talent, will be integrated into the C-One Ventures portfolio.

Founded in 2018, Bankly operates a platform that provides digital financial services—such as savings, payments, and credit—to Nigeria’s unbanked and underbanked populations. The company employs an agent-led approach and currently operates a network of over 50,000 agents, serving more than 2 million individual and business customers nationwide.

C-One Ventures’ portfolio includes platforms such as Fulcrum, which offers payable finance and supply chain financing solutions; GetPayed, an all-in-one payments and banking app; and gomoney, a digital bank. The acquisition of Bankly adds to its lineup of technology-enabled financial services companies.

Bankly’s integration into C-One Ventures includes the transfer of regulatory licenses and partner platforms, and will involve a reorganisation process. Bankly CEO Tomilola Majekodunmi will continue to support the transition in an advisory role.

According to the announcement, the acquisition will enable Bankly’s offerings to be integrated with other financial solutions within the C-One Ventures ecosystem.

Speaking on the acquisition, Tomiliola Majekodunmi, CEO and co-founder of Bankly, said, “I am immensely proud of what we have achieved at Bankly over the last six years. Bankly was founded with a mission to drive financial inclusion to the last mile, and we have certainly made significant progress on that front. Like any business, we have faced our share of challenges. Still, I am confident that this acquisition will keep the Bankly vision alive and further advance our mission of empowering more Nigerians through inclusive financial solutions.”