
Bankly provides the personal & technological touch-points required to digitise cash and grow the income of the underbanked safely and simply
In the absence of a formal institution, the unbanked adopted an informal banking system known as “Ajo”. It involves a “trusted” agent collecting daily savings within a community or marketplace.
Problem with this system includes:
Security – The savings is held by an independent agent and the saver has no access in the event of accidental death of thrift collector, theft or fraud.
Access – Customers are limited by location. They are solely dependent on the availability of a single thrift collector.
Data – Lack verifiable identity/financial data
Bankly is digitising the thrift collection system using an agent network and a mobile wallet system.
Stage | Unknown EST February 2018 |
Sectors | Banking, Investment management, Remittance |
Location | Lagos, Nigeria |
Markets | Nigeria |
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Contact | Login to view details |
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