Bankly, a Nigerian FinTech focused on serving over 47 million unbanked individuals, has successfully closed a $2 million seed round led by Vault to enhance its services and expand its reach.
Information on the Target
Bankly is a Nigerian FinTech company dedicated to offering financial services to over 47 million unbanked and underbanked individuals in Nigeria. By leveraging technology, Bankly provides accessible banking solutions that enable users to perform transactions, save money, and access loans, thus promoting financial inclusion in a country where a significant portion of the population lacks access to traditional banking services.
The platform's design caters specifically to the needs of its target audience, ensuring that services are user-friendly and tailored to their financial requirements. This strategic approach to serving a largely underserved market positions Bankly as a crucial player in enhancing the financial landscape of Nigeria.
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Industry Overview in Nigeria
The FinTech industry in Nigeria has seen substantial growth in recent years, driven by a combination of increasing smartphone penetration, a young population, and a growing demand for digital financial servi
Similar Deals
Vault
invested in
Bankly
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $2M