In Nigeria, C-One Ventures has announced the full acquisition of fintech company Bankly, creating additional opportunities in the financial services sector.
Deal and Resource Integration
C-One Ventures, an investment company focused on technology and financing in Nigeria, has completed the full acquisition of Bankly's operations in the country. The deal will involve a comprehensive integration of Bankly's services, licenses, and talent with other companies within the C-One Ventures portfolio. A reorganization process is currently ongoing to facilitate the smooth integration of Bankly into the C-One Ventures structure.
Tomilola Majekodunmi's Role in the Transition
Tomilola Majekodunmi, CEO of Bankly, will continue to support the transition in an advisory capacity. She expressed pride in Bankly's achievements over the last six years and stated that the deal will help keep the company's vision alive and advance its mission of empowering more Nigerians through inclusive financial solutions. CITE_W_A
History and Achievements of Bankly
Founded by Tomilola Adejana and Fredrick Adams in 2018, Bankly started as a digital savings and peer-to-peer transfer platform. Since then, the company has made significant strides in bridging the financial gap for Nigeria’s unbanked and underbanked populations by offering secure digital alternatives to traditional saving methods.
The acquisition of Bankly by C-One Ventures marks an important milestone in the development of financial technology in Nigeria and could significantly enhance digital financial service offerings to the population.
