Bankly, a Nigerian fintech company digitising cash for the unbanked, announced a seed fundraising round of $2 million. The round was led by Vault with participation from Plug and Play Ventures, Rising Tide Africa and Chrysalis Capital.

With the fundraise, Bankly looks to increase its 35,000 customer base in cash dependent communities. To achieve this, the company plans to grow the number of its physical “cash in” points by expanding its 15,000 person agent network and plugging its ...