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Bankly Technologies Taking financial services to the last mile

Cover image of Bankly Technologies, Banking venture on VC4A

Bankly launched in 2019 with a vision to enable financial inclusion and build the digital guardrails to provide affordable financial products and services to the informal sector using a (hybrid) physical and digital model.

In our 2 full years of operation, we have served over 2 million Nigerians, empowered over 30,000 micro entrepreneurs (with 40% female) processed over $200m within the informal financial sector and generated over $2m in revenue commissions within our Agent network.

This year, we started the journey of bringing at least 2 million Nigerians into the formal economy by launching a neobank called Bloomm which has already attracted over 150,000 customers within the first 8 weeks of pilot and 105,000 weekly unique users.

Our goal is to include 2M people over the next 24 months.

Sectors Banking, Investment management, Remittance
Location Lagos, Nigeria
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