C-One Ventures Platform (C-One) has announced plans to acquire the licences, technology, and select assets of Bankly, a licensed Nigerian microfinance bank renowned for advancing financial inclusion within the informal economy.
The transaction, pending regulatory approvals, including from the Central Bank of Nigeria (CBN), underscores C-One’s commitment to stabilising operations, protecting customers, and strengthening the financial services sector. Once completed, Bankly’s services and talent will integrate with other companies under the C-One umbrella.
“We believe financial services should be simple, affordable, and accessible to everyone,” a C-One representative stated. “Merging Bankly’s community networks with our robust digital infrastructure will help us expand financial access and drive meaningful economic participation.”
Following the acquisition, C-One will focus on promptly addressing customer obligations, stabilising operations, and strategically integrating Bankly’s technology into its broader ecosystem. The deal involves a modest cash consideration, emphasising sustainable growth and long-term customer protection.
“Restoring customer confidence and building operational resilience are our immediate goals,” the C-One representative added. “We are committed to scaling Bankly’s original vision while delivering lasting value to our communities.”
Founded in 2018, Bankly has played a vital role in promoting financial inclusion, offering innovative savings, payment, and credit solutions. However, the bank has recently faced liquidity challenges, resulting in service disruptions and delays in customer withdrawals.
As part of the acquisition, C-One plans to build on Bankly’s achievements, ensuring continuity and long-term growth. Bankly’s Co-founder, Tomilola Majekodunmi, will continue to support the transition in an advisory role.
Commenting on the acquisition, Majekodunmi said, “We are proud of the impact we’ve made over the years. Bankly was created to serve those excluded from the formal financial system. With C-One’s backing, we now have the opportunity to overcome recent challenges and reach even more communities.”
The acquisition positions C-One to deepen its presence in grassroots financial services, scaling impact and building resilient solutions for underserved populations.
About C-One Ventures Platform
C-One is a venture studio focused on building, acquiring, and scaling technology-driven businesses addressing Africa’s critical needs. Its portfolio spans education, healthcare, commerce, and financial services, driving inclusive economic growth through strategic investments and operational excellence.
