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Wednesday, April 21, 2021

Nigerian Fin Tech Start-up Bankly Raise $2Million

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Bankly, a Nigerian start up, with focus on digital solution for the unbanked, has raised $2 million seed. The Lagos based start-up was founded by Tomilola Adejana and Fredrick Adams in 2018.It is estimated that there are about 100 million adults, who are unbanked, in cash dominated society.

Bankly announced a seed funding round of US$2 million, led by Vault with participation from Plug and Play Ventures, Rising Tide Africa and Chrysalis Capital.

Bankly is focused on digitisation of the informal traditional banking system. By standardising the process, of informal system, creating data on and offline.

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