C-One Ventures Platform has announced its agreement to acquire Bankly Microfinance Bank, a fintech leader dedicated to bridging financial access gaps in Nigeria’s informal economy.
This acquisition, pending regulatory approval from the Central Bank of Nigeria, reflects C-One’s commitment to stabilizing operations, protecting customers, and fostering growth in grassroots financial services.
Founded in 2018, Bankly has played a pivotal role in advancing financial inclusion through innovative savings, payments, and credit solutions.
However, recent liquidity challenges and operational disruptions have impacted its services. C-One plans to integrate Bankly’s technology and services into its broader financial ecosystem, ensuring continuity while addressing these challenges.
The acquisition will prioritize resolving customer obligations, stabilizing operations, and scaling Bankly’s vision.
Bankly’s Co-founder, Tomilola Majekodunmi, will serve in an advisory capacity to ensure a smooth transition and sustained impact.
C-One’s representative emphasized the importance of combining community networks with digital infrastructure to expand financial access for underserved communities.
This move aligns with C-One’s broader mission of building resilient solutions that drive economic participation and empower real communities.
