C-One Acquires Nigerian Lender Bankly to Expand Fintech Portfolio

Key Takeaways

C-One Ventures’ acquisition of Bankly marks a strategic consolidation in Nigeria’s fragmented fintech landscape. With millions still unbanked, integrating microfinance operations with digital tools aims to deepen financial inclusion. Bankly’s focus on informal savings and agent networks aligns with C-One’s broader strategy to serve low-income consumers and microenterprises. Combining banking licenses, digital infrastructure, and agent distribution may offer a scalable model for last-mile finance. The acquisition also reflects a growing trend of mergers in African fintech, as companies seek profitability through operational synergies and regulatory access. C-One’s portfolio now covers payments, credit, and savings, targeting financial needs across the ecosystem. As Bankly transitions, maintaining customer trust and operational continuity, especially in rural areas, will be critical to retaining its base and delivering inclusive finance at scale.