Bankly
OperatingBankly is a Lagos-based Fintech which offers direct-to-consumer (DTC) products to Nigeria’s unbanked and underbanked populations.
- Financial Services
- Victoria Island, Nigeria
- Seed
- Founded 2018
- bankly.ng ↗
- Total raised
- $2.1M
- disclosed
- Last round
- $2M
- Seed
- Rounds
- 5
- since 2018
- Investors
- 7
- on record
- Employees
- 11-50
About Bankly
Bankly provides a USSD based savings product where users fund their account using Bankly vouchers nationwide. We believe that the only way to make financial products and services ubiquitous is to view them through the lenses of a Fast moving consumer good (FMCG) as seen in the telecoms industry through the distribution of vouchers for mobile top ups for digitization of cash. This approach is cheaper, customer has an existing behaviour and do not need to be taught new methods and reduces the risk and cost of creating a new distribution and agency network by simply leveraging the existing telco distribution network.
Bankly funding5 rounds
All 5 rounds →Bankly has raised $2.1M across 5 disclosed rounds. The latest is a $2M Seed announced 24 Mar 2021, led by Vault.
- $100KSeedSeed, $100K, $100K raised to date
- $2MSeedSeed, $2M, $2.1M raised to date
SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn
Who has invested in Bankly
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 24 Mar 2021 | Bankly Seed | Vault +3 | $2M |
| 03 Feb 2021 | Bankly Convertible Note | Plug and Play | Not disclosed |
| 23 Aug 2018 | Bankly Seed | Greenhouse Lab | $100K |
| 03 Aug 2018 | Bankly Seed | The Epic Groundwater Challenge | Not disclosed |
| 13 Jul 2018 | Bankly Seed | Startupbootcamp | Not disclosed |
Bankly founders & team
- Tomilola AdejanaCo-Founder and CEO
- Fredrick AdamsCo-Founder/Chief Product Officer
Bankly competitorssame sector · similar funding
- Kredi BankLagos, Nigeria
- EasyBankTunis, Tunisia
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Frequently asked about Bankly
- Where is Bankly based and when was it founded?
- Bankly is headquartered in Victoria Island, Nigeria and was founded in 2018.
- Who founded Bankly?
- Bankly was founded by Tomilola Adejana (Co-Founder and CEO) and Fredrick Adams (Co-Founder/Chief Product Officer).
- Who is the CEO of Bankly?
- Tomilola Adejana is Bankly's Co-Founder and CEO.
- How much funding has Bankly raised?
- Bankly has raised $2.1M across 5 disclosed rounds. Its latest, a $2M Seed, was announced on Mar 24, 2021.
- Who has invested in Bankly?
- Backers include Plug and Play, Rising Tide Africa, The Chrysalis Capital, Vault and 3 others.
- What sector is Bankly in?
- Bankly operates in Financial Services, FinTech and Peer-to-peer.
