Investment firm C-One Ventures has fully acquired Nigerian fintech startup and licensed microfinance bank, Bankly, as part of its strategy to scale technology-driven financial services in Nigeria.
The acquisition includes Bankly’s licenses, platform, and team, which will be integrated into C-One’s growing fintech ecosystem.
According to a statement from Bankly, a restructuring process is already underway to ensure seamless integration, and Bankly’s CEO, Tomilola Majekodunmi, will support the transition in an advisory role.
Founded in 2018 by Tomilola Adejana and Fredrick Adams, Bankly began with a “recharge to save” model, allowing users to fund digital wallets via voucher tokens—a method familiar to millions of Nigerians through airtime top-ups.
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’ve faced our share of challenges, but 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.”
C-One Ventures is an investment company with a specific focus on technology and financing in Nigeria.
The company’s existing portfolio includes Fulcrum, a technology and financing platform that unlocks working capital for suppliers in Nigeria through payable finance and other supply chain financing (SCF) products, GetPayed, an all-in-one app for managing payment and banking solutions, and gomoney, a digital bank offering a modern, app-based alternative to traditional banking.
The addition of Bankly further strengthens C-One Ventures’ commitment to technology-enabled financial services for businesses and individuals.