Bankly, a fintech company, has announced the launch of Bankly Microfinance Bank and a group savings feature on its app.

Speaking recently in Lagos, the co-founder and Chief Executive Officer of Bankly, Tomilola Majekodunmi, said the microfinance bank was established to deliver straightforward banking solutions to diverse customers.

Majekodunmi said, “We are thrilled to announce the launch of Bankly Microfinance Bank. At Bankly, we have always been committed to easing financial processes and addressing the pain points of everyday people through a wide range of financial products and services.

“With the launch of the Bankly Microfinance Bank and the group savings feature on the Bankly app, we have taken this commitment a step further, making it easier for the everyday Nigerians to save, invest and spend without hassles.”

The Vice President, Marketing at Bankly, Uwem Ekanem, added, “Every product, service, and feature at Bankly is designed to create new avenues for customers to access unique, safe, and seamless savings, investment, and payment features — and the new developments at Bankly are no different.

“Our goal is to ensure our customers are never stranded and are constantly empowered to make the best financial decisions.”

The firm further stated that its operations were fully supported by the Nigerian Interbank Settlement Systems and were fully licensed by the Central Bank and the Nigeria Deposit Insurance Corporation.

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