Carbon: The Sleek Pan-African Fintech Bringing Buy Now, Pay Later (BNPL) to the Continent

Carbon, also known as Carbon Finance, is an African fintech company that provides a digital platform offering quick loans, bill payments, and other financial services, focused on clean design and ease of access. Founded in 2012, Carbon is a comprehensive platform for borrowing, investing, and managing money, for both businesses and individuals. Carbon recently entered the Buy Now, Pay Later (BNPL) market with Carbon Zero, setting itself apart from other fintech companies in Africa.

Headquarters: Lagos, Nigeria

Founders: Chijioke Dozie and Ngozi Dozie

Industry: Fintech, Financial Services, Lending, and Investments

What They Offer

Instant Loans: Carbon offers quick, short-term loans to individuals and businesses, with a simple application process and fast disbursement of funds.
Savings and Investments: The platform provides users with access to various savings and investment products, helping them grow their wealth and achieve their financial goals.
Bill Payments: Users can pay utility bills, purchase airtime, and complete other transactions directly from the Carbon app or website.
Credit Reports: Carbon offers users free access to their credit reports, helping them monitor their credit history and improve their credit scores.

Big Wins

In 2020, Carbon processed $240M in payments, and in 2021, Carbon entered into a five-year partnership with Visa, allowing it to launch Visa cards. Carbon has received investments from prominent investors, such as Rise Capital, Velocity Capital, and Flourish Ventures, raising $15.8M dollars in funding. In 2018, Carbon made its financials public, a rare move for an African startup and a show of reliability.

Competitors

Branch, Tala, and other digital lending platforms in the African market.

News

Pan-African microfinance company Carbon teams with Mambu

Carbon Shows Earnings In Latest Financials-Reveal, An African Tech Rarity

How Carbon is leading Nigeria’s ‘Buy Now, Pay Later’ revolution

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Naqsh Haque

Naqsh Haque is an accomplished content strategist and digital editor with a talent for marketing and innovation. She has experience working in diverse sectors including public policy, global health, and publishing.

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