Fintech startup Bankly secures US$2m in seed round to accelerate its consumer acquisition

NIGERIA – Bankly, a fintech startup digitizing cash for the unbanked, has announced that it has raised US$2 million in a seed round to accelerate its consumer acquisition and offer direct-to-consumer (DTC) products to Nigeria’s unbanked and underbanked populations. The seed round was led by Vault with participation from Plug and Play Ventures, Rising Tide Africa and Chrysalis Capital. With the fundraise, Bankly aims to increase its 35,000-customer base in cash-dependent communities by growing the number of its physical “cash in” points by expanding its 15,000 person agent network and…

Read More