Bankly is a digital banking platform that allows users to manage personal and business finances through a mobile app, offering features like bill payments, money transfers, and savings with a 12% annual interest rate. By enabling cash digitization via voucher top-ups and providing a seamless payment gateway, Bankly addresses the need for accessible financial services in Nigeria.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HJMFPARTSFounders
Product
Problem
Many individuals and businesses in Nigeria lack access to convenient and reliable financial services, hindering their ability to manage money effectively, make payments, and save securely. Traditional banking infrastructure can be difficult to access, especially in remote areas, and may not cater to the needs of a digitally savvy population.
Solution
Bankly provides a mobile-first digital banking platform that simplifies financial management for both personal and business users in Nigeria. The platform enables users to easily manage their finances through a user-friendly mobile app, offering features such as bill payments, money transfers, and savings accounts with competitive interest rates. Bankly facilitates cash digitization through voucher top-ups and provides a seamless payment gateway, addressing the need for accessible and convenient financial solutions. By offering a range of financial tools and services within a single app, Bankly empowers users to take control of their finances and participate more fully in the digital economy.
Target Audience
Bankly primarily targets individuals and businesses in Nigeria seeking accessible, convenient, and reliable digital financial services.
Features
- Mobile app for managing personal and business finances
- Bill payment functionality with 2% cashback
- Money transfers with a 99% success rate
- Savings accounts with 12% annual interest
- Group savings feature for collaborative goal achievement
- POS terminals for businesses to accept card payments and bank transfers
- API access for third-party integration and seamless payment experiences
- Jackpot feature offering daily opportunities to win cash prizes