C-One Ventures Acquires Nigeria’s Bankly to Expand Fintech Portfolio
- C-One Ventures has fully acquired Bankly, a licensed microfinance bank in Nigeria.
- The acquisition aims to build an interconnected suite of financial tools for small businesses and underserved individuals.
- Bankly has a network of over 50,000 agents and has served more than 2 million customers since its launch in 2018.
The acquisition of Bankly by C-One Ventures is a strategic move that not only enhances C-One's portfolio but also significantly contributes to financial inclusion in Nigeria. This merger could potentially lead to innovative financial solutions that cater to the needs of underserved populations, making it a noteworthy development in the fintech landscape.
