Bankly
Digitizing cash and bringing financial services to the unbanked via agent networks and voucher systems
What it does
Bankly was founded in 2018 by Tomilola Adejana and Fredrick Adams to digitize cash savings for the unbanked informal sector across Nigeria. The company operates a hybrid digital bank leveraging retail agents, digital accounts, and physical vouchers to digitize cash deposits safely. Acquired by ambient liquidity networks, Bankly holds a Microfinance Bank license.
Agency bankingDigital / challenger banks (neobanks)Cooperative / esusu / ajo digitizationSavings & thrift platforms
Known for
- Cash-to-digital savings voucher infrastructure
- Licensed Microfinance Bank platform
- Informal sector financial inclusion
- Retail agent collection network
Model & industry
Marketplace / Aggregator modelAll / Cross-industry
Funding history
$2.1M
Total raised
1
Rounds
Seed
Latest stage
2021
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2021-03 | Seed | $2.1M | Vault |
Source: Condia Funding Tracker
Products & subsidiaries
Bankly Savings App & Vouchers · Consumer Savings AppBankly Agent Network · Agency Banking