About Bankly
Bankly is a company based in Lagos (Nigeria) founded in 2018 by Tomilola Adejana was acquired by C-One Ventures in March 2025.. Bankly has raised $2.25 million across 2 funding rounds from investors including Plug and Play Tech Center, VANSO International and Rising Tide Africa. Bankly operates in a competitive market with competitors including Recharge.com, NowNow, Tingtel, Aimtoget and Powerlight, among others.
- Headquarter Lagos, Nigeria
- Founders Tomilola Adejana
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.25 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Mar 24, 2021
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Investors
Plug and Play Tech Center
& 4 more
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Employee Count
Employee Count
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Acquired by
C-One Ventures
(Mar 29, 2025)
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Funding Insights of Bankly
Bankly has successfully raised a total of $2.25M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(01 Jun 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Seed - Bankly | Valuation | Plug and Play Tech Center , Rising Tide Africa |
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| Jun, 2019 | Amount | Seed - Bankly | Valuation | VANSO International |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bankly
Bankly has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, VANSO International and Rising Tide Africa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location | |
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Rising Tide Africa is focused on empowering women investors and entrepreneurs in Africa.
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Founded Year | Domain | Location | |
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The Chrysalis Capital is focused on investments in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bankly
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bankly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bankly Comparisons
Competitors of Bankly
Bankly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Recharge.com, NowNow, Tingtel, Aimtoget and Powerlight, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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| domain | founded_year | HQ Location |
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bankly
Frequently Asked Questions about Bankly
When was Bankly founded?
Bankly was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Bankly located?
Bankly is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Bankly?
Tomilola Adejana is the current CEO of Bankly. They have also founded this company.
Is Bankly a funded company?
Bankly is a funded company, having raised a total of $2.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Jun 01, 2019.
What does Bankly do?
Bankly provides cash digitization software for individuals and businesses. It enables users to fund wallets with Bankly Paytoken and vouchers. It facilitates offline cash collection and peer to peer transactions. Also features Merchant Portal for tracking financial transactions.
Who are the top competitors of Bankly?
Bankly's top competitors include Recharge.com, NowNow and Tingtel.
Who are Bankly's investors?
Bankly has 5 investors. Key investors include Plug and Play Tech Center, VANSO International, Rising Tide Africa, The Chrysalis Capital, and C-One Ventures.
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